Retail Sales
-
Pang Donglai Denies Claims of 5 Million Job Losses Due to Ecommerce
Chinese retailer Pang Dong Lai has refuted online claims falsely attributed to them regarding job losses resulting from e-commerce decline. The company stated they never released content suggesting “If e-commerce collapses, 5 million people will lose their jobs.” They urged the public to verify information and avoid misinformation. Pang Dong Lai reported strong first-half sales of RMB 11.707 billion. Founder Yu Donglai announced ambitious 2025 targets focused on profits and employee compensation, indicating a commitment to talent retention.
