Pet Specialist Boqii: Industry Consolidator or Forever Just a Pet Project?

Despite its industry-leading position, company controls just 2% of China’s highly fragmented pet care market expected to reach $70 billion in annual sales by 2024 Key Takeaways Boqii’s first brick-and-mortar store opening marks its latest move into “new retail” model integrating online and offline sources in pet supply chain Company faces biggest competition from generic e-commerce sellers and supermarkets By Eric Auchard Online camaraderie with fellow pet owners is nice, but there’s just no substitute for real-world touching and feeling of the thousands of products to pamper, feed and groom…

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