A Hngzhou supermarket is crammed with customers. Photo: Xinhua A Hngzhou supermarket is crammed with customers. Photo: Xinhua
A Hngzhou supermarket is crammed with customers. Photo: Xinhua
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China’s O2O darlings risk becoming zero-to-zero as valuations outstrip earnings

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A Hngzhou supermarket is crammed with customers. Photo: Xinhua A Hngzhou supermarket is crammed with customers. Photo: Xinhua
A Hngzhou supermarket is crammed with customers. Photo: Xinhua
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