ANBOUND: Investors Should Be Wary of Internet Bubble Bust
ANBOUND
On 8th October, Dianping, a restaurant review smartphone app and Meituan, a Groupon like website announced their strategic cooperation.
Anbound's research team points out that companies founded on the basis of internet development in virtual economy usually do not create new wealth.
As the world’s second largest economy, dubbed "world’s factory", excessive publicity on the internet could misled others.
The market should be wary as the internet bubbles will continue to burst and that internet bubbles burst will not save China’s economy.