VANCL founder and CEO Chen held the first PPG statement on the 2008 annual World Conference of managers today, saying that any business would run into difficulties. Everyone should understand PPG's experience.

Chen said that VANCL asked him not to comment on PPG.

But apart from this, any enterprise has difficulties in its business process. There are big difficulties and small difficulties. It is like a person who is afraid to go home because he failed in the exam and dare not face his parents. That is the pain of life.

Chen said that enterprises may not have reached a promise and encountered great setbacks, such as a great contrast with their prediction, but people always have to face it.

"I have been an enterprise for so many years, especially on the last Internet winter. It looks so beautiful on the surface of the Internet. In fact, cash flow is very tight. With only a little money, it has to support such a large scale company, especially in 2003, for more than 10 months, it has invested in tiger investment to get through that."

Chen said that everyone should understand the issue of PPG. An enterprise is faced with business difficulties or success, just like everyone has to face many difficulties and joys every day as a life.

Background introduction

Recently, some media reported that PPG founder Li Liang had absconded with $20 million, after which PPG experienced delinquency in terms of suppliers' money and advertising, and the resignation of executives. PPG, the "light company" that created the myth of men's clothing online selling, is still a question of how far it can go.