"For any typical offline factory, having a 5% net profit margin already allows them to live comfortably.
But a brokerage platform manages to exceed a 10% profit margin. On what grounds is this happening?"
Chen Yiyang wasn't impulsive in deciding to enter the food delivery field.
He ensured that his team conducted thorough research first.
Ugly Group's profit margin is too high. It's abnormal, and not what a monopolistic industry company should be doing.
Online platforms should assist physical businesses in earning money, instead of achieving their own profitability by exploiting these entities.
Brick-and-mortar stores are like water, and online platforms are like boats.
Without water, the boat simply cannot sail.
Therefore, Chen Yiyang plans to enter the food delivery sector, aiming for a profit margin of around 3% for his platform, which would be satisfactory.
