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Seesaw has gone bankrupt.
Previously, institutions served Seesaw, back when Manner didn't yet have Mr. Xu's support, and the earliest stores were also located downstairs from our office building, and we pitched them.
At the same time, we also worked with Baozhu Cheese and BlueGlass.
In the wave of consumption upgrading, the narrative of serving the middle class's refined lifestyle collapsed with the disappearance of the middle class.
And those brands that allowed ordinary people to experience the middle class—similar to PDD's route, such as Manner, Qifen Tian, and Guming—have all exited their FA and investors.