疯投圈
Indie-site business and investing breakdowns, dense on mechanisms and cases
1:07:44Hotel brand Aodo broke even on pillows in a year—that window is now closed
Five years ago customer acquisition cost was one-tenth of today; Aodo's one-year payback on pillows rode that wave—now Huazhu, despite greater scale, can't match that launch speed.
1:10:03SHEIN's Hong Kong Listing: Its Strongest Supply Chain Moat Became Its Weakness
SHEIN spent years building a supply chain data system to compress order-to-delivery time to the minimum; but after the EU imposed tariffs on small parcels, speed stopped making commercial sense, and more than half its European orders now ship from local warehouses.
1:12:11Western Restaurant Brands Go Chinese-Owned; The Real Moat Is In Fragrance Compounds
McDonald's, Starbucks, Burger King and their peers have handed their China businesses to Chinese capital one after another. In restaurants, localisation is the line between life and death — but the fragrance compounds upstream of perfume are still monopolised by four European and American giants. It is the barrier inside the supply chain, not the brand on the door, that decides where domestic substitution actually stops.