1. Business content: The business scope of Liulichang mainly focuses on cultural and artistic products such as calligraphy and painting, Four Treasures of the Study, and ancient book inscriptions. The business atmosphere is rich and more cultural. On the other hand, Panjiayuan mainly deals in antique items, jewelry, jade, handicrafts, collectibles and decorations, with different antique grades and prices.
2. Historical background and development track: The history of Liulichang can be traced back to the Ming and Qing Dynasties. At that time, it existed as a raw material factory for palace glazed tiles and gradually evolved into an antique market. Panjiayuan began to rise in the 1990s, and gradually developed with the active trading of folk antiques and artworks.