Shihuituan, a trademark brand of Beijing Shihui Technology Co., Ltd., is headquartered in Beijing. Through mini programs and APPs, it brings local ingredients and daily necessities to community families based on urban communities/communities.
Chen Ying, co-founder and CEO of Shihuituan, gave a speech on "Being a vanguard of the era of "six stability and six guarantees" - making Shihuituan bigger and stronger in the construction of new infrastructure". Chen Ying Ying said that Shihuituan is a great undertaking that shoulders a major mission of the times, and will have a market size of more than 1 trillion in the future.
Chen Ying said that community retail is a mainstream consumption scenario in the mainstream industry of "people's livelihood consumption". In some cities with a relatively high penetration rate of Shihui Group, more than 50% of the daily consumption of 30 residents , all completed through community group buying. This mainstream scenario emphasizes affordability and cost-effectiveness, which will become a mid- to long-term trend in the context of a slowing global economy.
Shihuituan has been recognized by the capital market not only because of its good business, but also because Shihuituan has made solid contributions to this era of change.
Related events
On March 3, 2021, the State Administration for Market Regulation imposed administrative penalties of RMB 1.5 million on four community group buying companies including Beijing Shihui Technology Co., Ltd. in accordance with the law. . It is reported that in the second half of 2020, some community group buying companies took advantage of their financial advantages to carry out large-scale price subsidies, disrupting the market price order and arousing widespread concern from all walks of life.
Based on price monitoring clues, the State Administration for Market Regulation has successively launched investigations into five community group buying companies including Beijing Shihui Technology Co., Ltd. (Shihuituan) for suspected unfair pricing practices.
After investigation, four companies including Beijing Shihui Technology Co., Ltd., in addition to reducing prices of fresh goods, seasonal goods, overstocked goods and other goods in accordance with the law, in order to squeeze out competitors or monopolize the market, they set prices below Cost price dumping disrupts the normal order of production and operation, damages the legitimate rights and interests of other operators, and violates Article 14 (2) of the Price Law of the People's Republic of China.
Five companies including Beijing Shihui Technology Co., Ltd. used false or misleading price methods to trick consumers into conducting transactions with them, violating Article 1 of the Price Law of the People's Republic of China. Item (4) of Article 14.
Reference for the above content: Baidu Encyclopedia-Shihuituan, China Economic Net-Shihuituan CEO Chen Ying: Be a pioneer of the era of "six stability and six guarantees"