Chapter 80 Wall Street Greed: Foreign Brands Are Crying
"Mother Zhang, let's go play..."
After watching the news broadcast, the children who had been so well-behaved just now dispersed and regained their innocence.
Qin Shumo looked at these children with curiosity in his eyes. Why did these children live here? What was their relationship with this mother Zhang?
"I'll go clean up your room."
After the news broadcast was over, Mother Zhang also stood up and said with a smile.
"Um……"
Su Yang nodded but did not stand up, and so did Qin Shumo. Both of them were full of curiosity about tonight's Focus Interview.
At this moment, not only Su Yang and Qin Shumo are paying attention to the focus interview, but countless Chinese people, Chinese companies, and even those foreign brands themselves are also paying attention.
Being singled out by the News Broadcast is already serious enough. But being singled out by the Focus Interview is a whole other level. If the News Broadcast is a death sentence, then the Focus Interview is the execution.
After the weather forecast, Focus Interview officially started broadcasting amid everyone’s anticipation.
"Let the facts speak for themselves. Hello everyone, I'm Yu Dan, and welcome to this episode of Focus Interview. Early this morning, renowned online media personality Su Yang suddenly broke the news online, alleging that Yile Catering, a renowned multinational restaurant brand, engages in serious discrimination against Chinese consumers. A detailed investigation has been conducted..."
The Focus Interview started airing and got right to the point. It borrowed material from Su Yang's skin-exposure show, but did not let Su Yang show his face, only intercepted the material.
As a Focus Interview, it is natural to be well-reasoned and based on facts. The Focus Interview used Su Yang's material, which clearly confirmed the fact.
"Today, this incident continues to ferment in China. At the headquarters and storefronts of many foreign brands, a large number of consumers have spontaneously launched boycotts...
CCTV also dispatched a reporting team today to conduct interviews in many places.
Including the headquarters of the Yile Group and the entrances of some stores. There were varying degrees of boycotts everywhere, and all stores were closed.
"It's completely unforgivable that a multinational corporation with a market capitalization of hundreds of billions of yuan could engage in such completely unforgivable discrimination. This isn't a problem with any one individual; it's a discriminatory mindset ingrained in this company. China is no longer the China of a century ago. We will never allow such things to happen on this land, nor will we allow foreign brands to run rampant here. To these companies, I want to say that Chinese consumers can lift you up, but they can also trample you down. Respect is a company's most basic ethical principle. If they can't even maintain this basic respect, they are bound to be eliminated by the market..."
"In the face of this kind of behavior, we must, on the one hand, strengthen legislation and law enforcement. On the other hand, we must fully utilize the power of the people and the media. We must resolutely discover, expose, investigate, and handle every case of this kind..."
The final word was spoken, and seeing such harsh words, many netizens who watched the show felt overwhelmed with emotion.
What kind of program is Focus Interview? This program is the official voice. This matter has been going on for a day, and the official finally set the tone.
Discover one case, expose one case, investigate one case, and deal with one case.
Discrimination and racial discrimination are very serious matters in any country in the world.
The same is true in China. This time, Yile Company seriously discriminates against Chinese people. This is absolutely unforgivable. This kind of thing is completely different from other things.
In the past, many foreign brands have been exposed for hygiene problems, management problems, etc. They have been criticized every time, but those problems were at most problems of poor management.
This incident is completely racist and hurts the hearts of the Chinese people. If such a bad incident of discrimination against Chinese consumers is not dealt with seriously, it will be very hurtful.
"Hahaha, now these foreign brands can't escape..."
"Fuck it, get out of China. You're making money from Chinese consumers, but you're discriminating against them. Get out..."
"It's not just restaurant brands, there are many brands that engage in this behavior..."
"Yes, many car companies are like this. Damn, they have the same problem, but they recall their cars in other markets, but not in the Chinese market..."
“Resist them…”
The broadcast of Focus Interview excited countless netizens, and the authorities finally took action.
But the bigger surprise is yet to come.
"Foreign sir, the time when you dominated China is over..."
At 8 p.m., the People's Daily had a news item. The headline was even more interesting, with the word "foreigner" in quotation marks.
This made the final decision. All Chinese people knew the power of this newspaper.
It's stable. Qin Shumo was also very excited after seeing this news. He was making money. He was going to make money. He finally had pocket money again.
France, it's only two o'clock in the afternoon in France at this time.
But for the French company, Yile, today was a very difficult day. Just now, a large amount of news about Yile Group appeared all over the Internet.
These news reports focus on official Chinese media outlets: the China News Network, Focus Interview, and the People's Daily. The attentive French media also detailed the value of these three media outlets.
After interpreting these news, many media outlets came to a conclusion that the French company Ile was about to lose the Chinese market.
Everyone knows how important the Chinese market is to Yile Company. The Chinese market contributes 30 to 40 percent of Yile Company's net profit every year, and it is also the market with the fastest profit growth for Yile Company in recent years.
Now, Yile Company will not only lose the Chinese market, but may also lose markets in other countries because of racial discrimination.
In short, these news are telling investors one thing: Yile Company is finished, so sell your stocks quickly.
Panic, already very panicky this morning, was even more so now. The panic continued to spread, and the stock curve of French company Ilex began to decline again.
The hungry wolves on Wall Street all had green lights in their eyes. In the morning, the stock of French company Ile had already plummeted by 20%. Now there was another blow. The stock of French company Ile could be described as a collapse. Even the capital behind it could not save it.
This group of devilish people who eat people without leaving any bones behind even took the initiative to discredit Yile. They found some black people in Europe and the United States to perform, crying that Yile Company discriminated against them and declared that they would sue Yile Company.
Anyway, all kinds of insidious and shameless tricks were used with only one purpose, which was to lower the stock price of Yile Company as much as possible.
The shareholders of Yile Catering Company were watching their stock price plummet, feeling helpless. They had also received news that Wall Street's short-selling giants were shorting them, but they had no way to resist because the scandal was a fact.
Looking at the current public opinion and the commotion surrounding the discrimination scandal, everyone is disheartened. This isn't just a matter of peeling off a bunch of flesh. This crisis could put Yile Company at risk of bankruptcy.
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