In fact, there was a similar idea when the convenience store industry was popular. E lebanon whatsapp number data 5 million veryone expected that the chain and branding of convenience retail would cause many mom-and-pop stores to disappear. How do you understand the coexistence and replacement cycle of new and old formats? Will there be an end in the short term, or will there be a long-term coexistence of the old and the new?
Zhang Sheng: The new and the old must coexist. When doing business, don't think about killing others. Once you kill others and monopolize the business, this business model will be eliminated.
The competition between Coca-Cola and Pepsi is the best example. If only one company is left, there will be no competition, and it will become inert. One of the main reasons why the development of Japanese convenience stores has slowed down in the past two years is the disappearance of small brands.
Monopoly may seem beneficial in the short term, but it ignores consumers in the long term. When there is only one brand left in the market, will consumers still buy it?
The same is true online today. People feel that online business is difficult because monopolies are beginning to form again.
Inspur New Consumption: An investor once said that doing retail is about outlasting all your neighbors, and the last one standing will be the winner. Don’t you agree with this logic?
Zhang Sheng: When you outlast your competitors, there will definitely be non-competitors emerging to compete with you. For example, Suguo Convenience Store once achieved a monopoly in Nanjing by relying on the advantages of Suguo Supermarket, but today it has been overwhelmed by other convenience stores.
