"At present, the e-cigarette market is mainly active in Western countries, among which the U.S. is leading the market of e-cigarette consumption, accounting for 49 percent of the global consumption, followed by the United Kingdom (15 percent), Italy (seven percent), Malaysia (seven percent), France (five percent) and Germany (five percent)," Wang Qinglin, analyst at iiMedia Research, a data mining and analysis organization for new economic industries, told CGTN.
In an interview with NBD, CEO of iiMedia Research Zhang Yi noted that Huang's anxiety lies in two factors: profitability and competition. "In the secondhand trading market, most players haven't achieved a good profit," said Zhang to NBD."There also witnesses an intensive competition in this sector. This funding round is mainly a preparation for the market change and peer competition. Besides, the company needs money to enhance user engagement and attract upstream businesses," Zhang added.
Zhang Yi, CEO of Shenzhen-based iiMedia Research, said that 1999 was the start of a strong, irreversible internet trend in China, with many talented Chinese people returning from the West to start internet entrepreneurship on the Chinese mainland. This societal change gave birth to e-commerce giants like Alibaba and Tencent, they noted. "The trend of the internet around 1999 is just like the trend of 5G today," Zhang told the Global Times on Monday.
"Many factors result in So-Young shares' sharp drop, including intensive competition and cost increase," noted senior analyst Liu Jiehao at iiMedia Research to National Business Daily (NBD). "The biggest risk it may face in the future lies in public relations due to lax content and qualification examination."