As the e-commerce and logistics industries continued to expand, net profits might rise to 10 or even 20 billion in three to five years, but that figure was already the industry's ceiling.
To go any further, the only option was to expand outward into the Southeast Asian and European and American markets.
'Food delivery, courier services, and ride-hailing... the true "ironman triathlon." The employees don't make any money, and the fucking company doesn't either.'
Chen Yansen scoffed, his mind drifting to Feiyu Technology's annual financial report: over six billion in annual sales, yet revenue was over two billion. The average commission on goods was nearly 40%, and net profits were well over a billion.
'Live-streaming e-commerce is where the real money is!'
At that thought, he had the immediate urge to call Mao Chaorong in.
'Domestic hardware and network infrastructure aren't quite there yet, but we could pull it off in the North American Region.'
