{"id":19232,"date":"2021-08-25T11:45:58","date_gmt":"2021-08-25T11:45:58","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=19232"},"modified":"2021-08-25T11:45:58","modified_gmt":"2021-08-25T11:45:58","slug":"chinas-state-media-blasts-troubled-community-group-buying-companies-for-burning-cash","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=19232","title":{"rendered":"China\u2019s state media blasts troubled community group buying companies for \u2018burning cash\u2019"},"content":{"rendered":"<p>Source: Tech &#8211; South China Morning PostChina\u2019s state media has denounced the group buying industry\u2019s cash burn strategy as a number of start-ups have either filed for bankruptcy or reduced operations amid the financial hardship caused by their \u201csubsidy wars\u201d to seize market share.\u201cBurning cash has not only failed to create a prosperous market, but has resulted in a series of chaos,\u201d said a commentary published on Wednesday by the Economic Daily, a newspaper directly under the Central Committee of the Chinese Communist Party.The\u2026<a href=\"https:\/\/www.scmp.com\/tech\/tech-trends\/article\/3146346\/chinas-state-media-blasts-troubled-community-group-buying?utm_source=rss_feed\">Read More<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Source: Tech &#8211; South China Morning PostChina\u2019s state media has denounced the group buying industry\u2019s cash burn strategy as a number of start-ups have either filed for bankruptcy or reduced&hellip; <\/p>\n","protected":false},"author":0,"featured_media":19233,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[4],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/19232"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=19232"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/19232\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/media\/19233"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=19232"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=19232"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=19232"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}