This article only represents the author's own views.
Pet’s lives are famously short compared with their human owners, and the same seems to be even truer for Boqii Holding Ltd., operator of China’s largest platform for pet owners. This company, which once (bow-)wowed investors with its potential to consolidate China’s massive market for pet care products and services, announced this week it will leave the New York Stock Exchange just three years after its IPO.
At the end of the day, Boqii really looks like the story of a company that was quite well placed to become a major consolidator in China’s massive pet market, but wasn’t up to the challenge. The market is notoriously fragmented, populated by thousands of pet supply and grooming stores, as well as pet hospitals.