The Xiao Family mainly managed businesses in the electronics and household appliances industry. Due to the gradual saturation of the household appliances market in recent years, the Xiao Family began shifting their focus onto the electronic science and technology field. However, that was not sufficient to satiate the Xiao Family's massive appetite. Hence, they had set their sights on the luxury brands market.
Reason being, the luxury brands market was one that would never reach a saturation point. After all, most women loved luxury goods and could never have enough bags, shoes, and jewelry.
However, the Wen Family had a strong foundation and a rich experience in managing businesses in the luxury brands market. Regardless of how wealthy the Xiao Family may be, it'd be impossible for them to replace the Wen Family or affect their position in the market.