Why did Qingyuan Hongbu Wang go bankrupt?

1, Qingyuan Hongbu encountered difficulties in its operation, such as improper cost control, poor sales channels, customer loss, etc. , leading to poor management and eventually bankruptcy.

2. Business needs financial support. If Qingyuan Hong doesn't allow the capital chain to break during its operation, it can't continue to operate and may go bankrupt.

3. Qingyuan Hongbu is located in an industry with many competitors. These competitors may have better products, better services or lower prices, resulting in Qingyuan Hongbu being at a disadvantage in the market competition and eventually closing down.