More than half a year ago, he still had plans for financing, but now he has reduced a large amount of his stock holdings and cashed out a large sum. Although after more than half a year, he will have to buy back those stocks, the development of the Anjing online supermarket would have grown significantly by then, and its valuation would naturally be a different story.
Moreover, the Anjing online supermarket itself is not unprofitable. It has a strong self-sustaining capability. It's just that the rate at which it makes money can't keep up with its spending rate, which is why continuous investment is needed.
This does not mean that the Anjing online supermarket is not making money, or that it is incurring losses.
The losses are only on paper, not actual losses.
Before the meeting with Yi Anguo, Ma Huaten had actually already communicated with other shareholders about investing in the Anjing online supermarket and basically reached a consensus.
