Once regarded as a “wealth-building machine” for a generation, internet cafes flourished with large customer flows and high internet fees, fueling numerous entrepreneurial success stories. However, in less than 20 years, this once-thriving industry has rapidly declined, turning into a “money-losing black hole.” High rent, labor costs, and a shrinking customer base have made it difficult for many internet cafe operators to survive. A small setback could lead to the closure of their business.
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