Now that Anjing Online Supermarket was open to brand merchants, it posed a significant threat to Taobao.
It was one thing to simply invest and set up an online supermarket, but Yi Anguo also invested in founding Hua Xing Technology Company, which produced the Hua Xing smartphone. Upon its release, it became a hot seller and was in short supply. It was also a high-end phone, with each unit selling for 3,999 yuan.
Not only that, but he had also invested in Penguin Company, Strong East Company, Vancl, and the No. 1 Online Supermarket.
The companies Yi Anguo invested in weren't just competitors to Taobao; they also competed with his own Anjing Online Supermarket.
Moreover, Penguin Company had handed its e-commerce business over to Anjing Online Supermarket, opening up all its traffic portals to them.
