Chapter 49 Huang Yuping’s Pressure
Without this incident, most foreign users would not have taken the initiative to cancel due to the convenient services of the [Smart Fitting Room].
But [Chaoqun Group] is now smeared by the international media and has become notorious.
This caused the group of foreign users who were more politically aware to choose to cancel the [Smart Fitting Room] service in order to express their protest against [Chaoqun Group].
[Chaoqun Group] internally estimates that in October alone, the [Smart Fitting Room] project lost 23% of its international paying users, with losses exceeding US$450 million, or RMB 27.8 billion.
If there is no improvement in the next November and December, [Chaoqun Group]’s losses on this [Smart Fitting Room] project in 2021 will reach 8 to 9 billion yuan.
[Elephant Weather] The losses in this business are also very serious. At present, more than half of the international paying users have been lost, and the monthly membership fee loss has reached 63 million US dollars, which is 340 million yuan.
Similarly, if there is no improvement in the following November and December, [Chaoqun Group]'s losses on this project in 2021 will reach more than one billion yuan.
Adding up the losses of the two projects, [Chaoqun Group]'s losses will reach tens of billions of yuan.
This is just the combined loss for the remaining three months of 2021.
If this situation still does not improve in 2022, or even becomes more serious, then [Chaoqun Group]'s losses are estimated to reach 40 to 50 billion yuan, or even more.
This is a small lesson that Meiliguo Capital and YT Capital have united to teach [Chaoqun Group].
Their lobbying team has passed the HS test, entered China, and met Huang Yuping, the president of [Chaoqun Group] who has been feeling stressed recently.
Huang Yuping's pressure came from the damage assessment of this incident.
There have been voices within the group criticizing Huang Yuping, believing that he should not be so reckless (or more exaggeratedly - brainless) to humiliate the head of a country.
This caused a backlash.
Huang Yuping should bear responsibility for this.
To be honest, this scapegoat is huge. Although Huang Yuping is now inferior to one person and above ten thousand people within [Chaoqun Group], he cannot afford to take this scapegoat.
Fortunately, Wu Siyuan had no intention of passing the blame and held a meeting to say that everything Huang Yuping did was his instruction.
This made Huang Yuping extremely grateful.
There are really too many cases of beating workers being pushed out to block guns.
Wu Siyuan did not shirk responsibility, he was already affectionate and righteous enough.
Just like the previous example of [Haidilao].
[Haidilao] was previously exposed by the media, saying that rats appeared in the back kitchens of several stores in Imperial City, and that there were health and safety problems in the cleaning and use of tableware, as well as in the unblocking of sewers.
It also caused quite a stir at the time and occupied hot searches for a long time.
In fact, kitchen hygiene in catering, especially Chinese restaurants, has always been a problem, especially in large-scale restaurants.
Even McDonald's and KFC, which are already very standardized, have had kitchen hygiene scandals from time to time.
Chinese catering is more difficult to standardize, and this aspect is a big problem.
A lot of things have exploded, and even more things have not.
After the [Haidilao] incident was revealed, people thought that [Haidilao] would shift the responsibility to its employees, maybe saying they were temporary workers, and then fire the employees involved and issue an announcement to ensure that they would be dealt with severely. Make corrections resolutely, and once the news is over, there will be nothing left.
Because the excuse [temporary worker] was really popular at that time.
Any problem can be blamed on temporary workers.
It's not my fault anyway, it's all the temporary workers' fault.
There is actually a huge backlog of dissatisfaction in the hearts of the public.
I didn’t want [Haidilao]’s disposal to surprise everyone.
The board of directors of [Haidilao] issued a notice, not covering up, directly admitting the mistake, and said that rectification would be made in all the stores of the group. Finally, when it came to the employees and stores involved, they directly took the responsibility, saying that it was the company For system issues, the main responsibility lies with the company's board of directors.
As soon as this announcement came out, his generous attitude of recognition immediately won the favor of netizens.
[Haidilao]'s business has not been affected, but has become better because of this announcement.
But looking back on this incident afterwards, I feel a bit sad.
[Haidilao] just did something it was supposed to do, but in the society at that time, it seemed so [stand out from the crowd]!
This is sad.
Fortunately, it's much better now.
Well, something happened, there are fewer [temporary workers].
There are more people who are really in charge.
This is a normally functioning society.
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Back to the topic.
Although Wu Siyuan took the initiative to help Huang Yuping shoulder the responsibility.
However, Huang Yuping is still under great pressure.
After all, his online trolling cost the company billions in revenue.
In the long run, this reduced revenue may reach tens of billions.
This pressure is too heavy.
He is not Wu Siyuan. He is the founder and largest shareholder of the company and has unquestionable control over the entire company.
Not to mention the loss of billions or tens of billions, it would be no problem for him to bankrupt the company.
Of course, [Chaoqun Group] has developed to the point where it is too big to fail, just like [Hengda Real Estate].
[Hengda Real Estate] In June this year, bad news came out.
Starting in July, Boss Xu tried his best to save himself, but in the end the hole was still too big and became increasingly difficult to cover.
Finally, Boss Xu chose to lie down.
There are currently rumors in the market that [Hengda Real Estate] owes trillions of yuan in debt, and nearly 200 billion in commercial bills have not been cashed. It is estimated that it will be difficult to cash them.
What is the concept of trillion yuan?
Shuangzi's daily salary is 2.08 million yuan, or Yishuang for short.
One trillion yuan is equivalent to 947,116 [Yishuang].
Shuangzi had to work for 2595 years to earn this trillion yuan, and he had to work from the Zhou Dynasty.
But these days, the grandson is the one who owes small money, and the uncle is the one who owes big money.
[Hengda Real Estate] owes so much money, but at this time, no one dares to let it go bankrupt easily.
Want to go bankrupt?
no!
Because there are too many units and individuals involved behind the scenes.
If it suddenly collapses, the entire system will be in financial crisis.
So right now it’s just dragging.
[Chaoqun Group] is actually a little better. After all, it does not involve real estate, and it tries its best to clear both money and loans during its operation. Even if there is debt collection, other factors are more considered, but as long as [Chaoqun Group] reaches [Chaoqun Group] According to the standards of [Chaoqun Group], accounts are cleared very quickly here.
Therefore, many companies like to do business with [Chaoqun Group].
Of course, [Chaoqun Group]’s requirements are also very high. Partners who can be shortlisted for [Chaoqun Group] can be widely publicized on the official website.
You see, our company can even get cooperation from [Chaoqun Group], which shows our strength.
The daily work of a team in the legal department of [Chaoqun Group] is to find companies on the Internet that pretend to be partners or suppliers of [Chaoqun Group], and then sue them.
Because having the name of [Chaoqun Group] as a partner or supplier is so popular in the market.
It can really dispel customers' doubts, facilitate transactions or commit fraud!
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