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Is Banggu going out of business?

No, Banggu is a large-scale B2C cross-border export e-commerce complex and one of the leading enterprises in the industry. Not closed down, headquartered in Guangzhou, with subsidiaries in Hong Kong, Shenzhen, Dongguan, Zhaoqing, Changsha, Hangzhou, Ningbo, Ganzhou and other places, and now has thousands of young elite teams.