China's richest man, Zhong Shanshan, founder of Nongfu Springs, has made rare public remarks criticizing online shopping platforms and the Chinese government for their roles in damaging businesses and industries during the country's economic slump.
During a recent visit to eastern China, Zhong specifically targeted popular e-commerce site Pinduoduo, accusing it of contributing to the downfall of China's pricing system and causing harm to local brands and industries. He highlighted the competitive pricing strategies of platforms like Pinduoduo as detrimental to the overall industry orientation.
