Are Imported Fruits Losing Their Luster? The “King of Fruits” Suffers a Dramatic Plunge in Wealth, with Only 600 Million Yuan Left
Imported Fruits Losing Their Appeal? “Fruit King” Sees Wealth Shrink Dramatically, Company Left with Only 600 Million RMB Despite Impressive Performance, Why Has the First Fruit Stock Lost Its Luster? From “Bang Bang” to “Fruit King”: A Legendary Life “Bang Bang” is one of the distinctive features of Chongqing, referring to the local term for dock laborers. With just a bamboo pole, a bundle of rope, a strong shoulder, and physical strength, the tools of a “Bang Bang” are simple, and the rewards are not substantial. Di dalam 1987, 17-year-old Deng Hongjiu came to Chongqing and joined the ranks of the “Bang Bang Army.” Soon, he realized that selling fruits by carrying them was more profitable than just manual labor, so he started his fruit business. Shortly after, Deng’s keen sense for business spotted an opportunity: the price of red mandarins at the Chaotianmen dock was almost double that in his hometown of Changshou. Why not buy the mandarins locally and sell...
