BEIJING - China's richest man lashed out at two of the country's biggest internet giants for fanning online vitriol targeting him earlier in 2024 and instigating a price war that wiped out tens of billions in market value of his bottled water empire.
At an event in Jiangxi province earlier in November, Mr Zhong Shanshan, founder of Nongfu Spring, accused online budget shopping platform PDD Holdings of disrupting a pricing system his firm has worked hard to uphold.
"The price system like Pinduoduo's does great harm to Chinese brands and industries," he said, according to local media reports.
The next day at another event, Mr Zhong demanded an apology from Mr Zhang Yiming, founder of TikTok owner ByteDance, for tolerating online trolls that wrongfully pitted him against the late founder of rival company Hangzhou Wahaha Group in online posts.
Diese Geschichte stammt aus der November 23, 2024-Ausgabe von The Straits Times.
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Diese Geschichte stammt aus der November 23, 2024-Ausgabe von The Straits Times.
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