Best Inc. CEO Chou on Singles' Day and Growth Potential

Best Inc. CEO Chou on Singles' Day and Growth Potential

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Business

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The video discusses the significant growth in parcel fulfillments for Best Inc, expecting a 70-80% increase this year. It highlights the need for a larger workforce and the expansion of warehouses. The company plans to adjust pricing strategies, especially during high seasons, to maintain stability. Margins have improved over the past years, with a notable increase in revenue. Some sectors are already profitable, and the company aims to break even or make a profit by next year. The focus remains on strategic investments for long-term growth.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

Discuss the impact of automation on profit margins in the industry.

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What are the expectations for profitability in the upcoming quarters?

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