The Chinese pet market is expected to surge by 43% to 13.5 billion yuan over the next five years. That has attracted more market players. Since 2013, about 20 pet apps have sprung up across the country.
Both FDog and Liuliu admit that they’re not making money right now, and are supported by venture capital. But they believe the underlying market potential will translate into profitability in the near future.
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