Chapter 198 Market Turbulence

Bobo milk tea has just been on the market for a week.

It was a thrilling, heart-pounding seven days.

During this short period of time, it has not only suffered unprecedented challenges and tests.

It is also facing the most severe crisis since its establishment.

At first, many franchisees came to the company and surrounded the door, expressing their dissatisfaction and concerns in an emotional manner.

What followed was a shocking plunge in the stock market - the share price of Bobo Milk Tea actually broke through the issue price line in one fell swoop.

The situation took a sudden turn for the worse, catching everyone off guard.

In just one week, the stock price was halved.

Even the president Yang Qian was fired.

This youngest listed brand carries the hopes of countless young people.

As glorious as it once was, it became as miserable as it was after going public.

Fortunately, all this was finally turned around with the appearance of Bobo Milk Tea's original investor.

"Hold on, brothers!"

"Fuck, Bobo Milk Tea must be targeted."

"Is that even necessary?"

"Think back to how glorious it was back then. It went public less than a year after its founding. It was truly a miracle for a university student to start a business."

"Yes, I even received a 100,000 yuan bonus for copywriting from them. I think Bobo Milk Tea is really good. The people there are very humble. The president even personally came down to discuss copywriting with us."

"You're not the only one who has gotten it. Many people here have gotten it too."

"I even had a few words with their CEO Yang Qian."

"I didn't expect her to be dismissed so soon."

"There's nothing we can do. The shareholders in Hong Kong are almost going to sue Bobo Milk Tea for a fraudulent IPO. Someone has to take the blame."

"What's the situation now?"

The online discussion is in full swing, as Bobo Milk Tea is the youngest internet celebrity brand.

It has a great influence not only among college students.

He also has a very high influence among young people.

It was the first to become an internet-famous milk tea, and several top celebrities endorsed it.

It also launched a series of joint sales with the recent hit TV series "Hua Qian Gu".

We also launched a copywriting collection campaign online for one million people to discuss.

No matter from which perspective, Bobo Milk Tea has a wide influence among young people.

Now that it is on the market, it seems that its former glory is no longer the same.

He became a rat crossing the street in the stock market, and everyone wanted to kill him.

Fortunately, this wave of decline was stopped immediately.

"Are there any brothers or sisters who know the inside story? Could you please share some information?"

"The uncle on a bicycle has come to Shanghai."

"After he showed up, he immediately dismissed President Yang Qian."

"Will this stop the stock price from falling?"

"Of course not. The uncle on the bicycle said that the company's own responsibilities cannot be borne by the franchisees. Any losses caused to the franchisees due to mistakes in the company's management must be fully compensated."

"Why is it compensation? Shouldn't it be a refund?"

"It's compensation. Although the franchisee only paid 100,000 yuan in franchise fees, she also invested in renovations, storefront transfers, and other expenses. The uncle on the bicycle directly took on the full cost."

“He said it was the business’s responsibility.”

"Sure, I give Bobo Milk Tea 100,000 thumbs up for this."

"That's right. There are so many franchise brands now, but I haven't seen any of them offer full compensation due to poor business. They won't even refund the franchise fee."

"That's why we say the uncle on the bicycle is so impressive. He directly took 100 million yuan to process the refund for the franchisees."

"That's not all. They're also compensating franchisees for their time costs. For example, if you joined last year and business hasn't been profitable, they'll compensate you for a year's salary, calculated at 8,000 yuan a month, and that includes your employees."

"Fuck, isn't this directly breaking the rules of the franchise industry?"

"Yeah, they don't care at all. To me, the company's reputation and responsibility are the most important. I'd rather lose money myself than let people who trust Bobo Milk Tea suffer losses."

"Nimma, just for this refund, I'll only drink Bobo milk tea for the rest of my life."

"Me too. Can real estate professionals learn this? Who will be held responsible if a house is left unfinished?"

"Uncle, please get into real estate."

"You're overthinking it. There's no way that uncle would go into real estate. Didn't you see the buzz online about the Lujiao concert featuring the Four Heavenly Kings? Many people speculated that it was this uncle on the bicycle who was behind it."

"Damn, let me ask my fellow Taoists in Beijing, is the concert really free?"

“It’s all free, and we’ll also give away custom-made Lujiao Coffee umbrellas and Lujiao Coffee.”

"Oh my god, can people from other places participate?"

"Of course you can go. It depends on whether you can get a real-name ticket online. You can enter with your ID card."

"That's amazing! I was wondering which big boss was making such a big fuss, and it turns out it's him again!"

"What's so strange about this? Do you know why the Hong Kong stock market stabilized so quickly?"

“Isn’t it because of the positive refund policy?”

"Bullshit! The capital market doesn't recognize your words. In their eyes, a business is all about making money. If you keep returning money like this, who would dare to buy your stock?"

"What's going on?"

"Didn't you see the news announcement? Tenghui Capital directly put up 400 million to guarantee the buyback. No matter how many people sell, they will buy them all."

"Uncle invested 400 million yuan in the stock market, which stabilized the market."

"So rich."

"Isn't that bullshit? Let me tell you a huge inside scoop. Do you know why Bobo Milk Tea has so many celebrity endorsements?"

"Isn't it because the endorsement fee is high?"

"What are you thinking? Can Queen Yang keep all the endorsement fees?"

"That's because the uncle is the boss of Queen Yang, Tengying Entertainment is his, and he just spent 1 billion to buy a headquarters building in Beijing a while ago."

"Hua Qiangu was also invested by the uncle, and all the Hua Qiangu peripherals sold online are his."

"Now that you mention it, I remember. Could it be that the Feiyangyang restaurant where I often eat is also his?"

"Feiyangyang is endorsed by Zhao Liying and has also collaborated with Hua Qiangu."

"Congratulations, you got it right. It is indeed the uncle's."

"When you come to Beijing later, you will know that uncle's influence is very comprehensive, directly including eating, drinking and having fun."

"Now this Lujiao Coffee is run by an uncle. He's already hosting a superstar concert before he even has a store. It's said that the venue can accommodate 40,000 to 50,000 people."

“Just think about how shocking that scene was.”

I can only say that this generation of netizens really have some Sherlock Holmes attributes.

However, Chen Pingsheng did not pay attention to the news on the Internet.

He just did what he thought was right.

Until Tong Zelan came to him with the investigation report.

The two of them were discussing things in the president's office, and no one dared to disturb them.

You should know that in the early stages of its development, Bobo Milk Tea was going smoothly and enjoying great success.

Employees also naturally develop the habit of thinking that everything will go smoothly.

Sudden blow like this would have a serious impact on morale.

Fortunately, Chen Pingsheng came and turned the tide to stabilize the declining situation.

This allowed everyone to quickly regain their original confidence.

(End of this chapter)