Song Xiangqian: New retail is a long-term trend that may last up to 20 years | 2018 Investment Forum of 100 People
Date: 2018-03-19 Views:

From March 16 to 17, Qingke Groups "2018 Investment Forum" was held in Sanya. At the round table forum on "2018, consumption is in progress", Song Xiangqian, founding partner and chairman of Jiahua Weiye Capital, discussed the investment opportunities and challenges of consumption upgrading with Tiantu Investment Feng Weidong, Huaying Capital Ji Wei, Pan Lin Capital Li Yuhui, Pangu Capital Xu Ping and Chenhui Capital Yan Xiaoping.

The release of online traffic dividends is facing a turning point, and when talking about the consumer opportunities that may arise during this turning point, Song Xiangqian said, "What cant be solved online is the face-to-face communication scenario for consumers. And this could be an important benefit for this super entrance to offline resources."

Looking forward to 2018, although consumption is constantly changing, the concept of consumer technology continues to give new meaning to consumption. In this regard, Song Xiangqian said, "What we have always insisted on is to provide immediate consumption around people. This can be either just-needed and high-frequency or optional, and there are a lot of choices. New retail is a long-term trend, which may last for 10 or 20 years."
In the forum, Song Xiangqian particularly emphasized that there is still a long way to go for Chinas consumption development in the future, "because after all, we have not born a world-class company in consumer goods such as Coke and Kraft China, which is not in line with Chinas status as a major consumer country.."

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