Chapter 385 New Financial Products



With all the awards presented, the second annual Fan Fishing Competition has come to a close.

The biggest beneficiary of this competition was undoubtedly Very Happy.

After all, no matter what kind of competition it is, the person who receives the most attention is always the first place winner, and the winner will get the most attention.

However, although the awards ceremony was over, their company's live stream did not end; it continued to stream live from the dock.

Moreover, the subsequent live stream content was very interesting, attracting even more viewers to stop and watch.

You're asking what content is left to broadcast since the competition results have already been announced and the prize money has been distributed?

Of course there are, for example, selling fish.

All these contestants' catches need to be sold, right? These catches all belong to the contestants themselves, and for those contestants who didn't make it into the top ten, all their earnings this time will go towards these catches.

You should know that quite a few of them took leave to participate in the competition, taking a whole week off. They can forget about getting the perfect attendance bonus this month.

To make up for this loss, we'll have to rely on the catch from this trip to sea.

For the audience, in addition to seeing the value of the other contestants' catches, they are more interested in knowing how much the king of fish in this competition is worth.

How much can a 200-pound sailfish fetch upon landing, and then consider its price in the market, give a rough idea of ​​how deep the waters are in the seafood industry.

As a livestreaming channel that only sells genuine products and focuses on maintaining a good relationship with its fans, it's natural to try to meet all the fans' requests.

They wanted to know how much the sailfish could sell for. No problem, we'll get a professional to come and appraise it.

A sailfish weighing over 200 jin (approximately 100 kg) was ultimately sold for 30,000 yuan, which works out to over 100 yuan per jin.

It's worth noting that this isn't the normal price fishermen pay for their fish; it's slightly higher than the normal price, but lower than the price fishmongers charge.

Because they directly contacted the purchasing staff of Uncle Sun's hotel, they sold the sailfish, saving the step of a middleman making a profit.

In the end, both Bai Yu and the hotel profited.

A single sailfish sold for over 30,000 yuan, but the second largest fish, a 130-pound trevally, only sold for a little over 1,000 yuan.

A price difference between the two parties immediately caused a huge uproar in the live broadcast room, and the netizens in the live broadcast room started their own debate.

Both are large fish weighing over 100 pounds, so why can sailfish sell for over 100 yuan per pound, while trevally only sell for around 10 yuan per pound?

Bai Yu and his friends didn't pay any attention to the debates among netizens.

After the match, he had a private chat with Li Shuang and the others, as well as Chang Le.

As Chang Le said, he wanted to join Bai Yu and the others in cleaning up the island and contribute to cleaning the competition venue.

Therefore, he can take out all the prize money he won in this competition, and if it's not enough, he can continue to pay out of his own pocket.

After hearing what Chang Le said, Bai Yu fell silent for a moment. He really didn't expect that he had just organized a competition and actually produced an environmentalist.

Moreover, they are not the kind of idealistic environmentalists who only shout slogans but do nothing, but the kind of pragmatists who are willing to contribute manpower, effort and money to environmental protection.

This was truly remarkable, and Bai Yu and the others had to take a fresh look at Chang Le and reassess the person in front of them.

It's worth noting that Bai Yu and the others had some contact with Chang Le during the competition, and their initial impression wasn't very good.

The main reason is that Chang Le has a somewhat fierce appearance, and he has become quite tanned from years of outdoor fishing, plus his Mandarin is not very good.

With such an image, it's difficult to leave a good impression on others at first meeting, but the impression that does remain is definitely deep enough.

But things are different now. This time, there are fifty or sixty internet celebrities and bloggers participating in the competition, many of whom have more followers than Chang Le.

However, none of these local internet celebrities have mentioned joining Bai Yu's island cleanup project. Not only have they not joined, but very few have even inquired about it.

But Chang Le is different. He not only wants to join in, but he also plans to contribute his own money, including the prize money he wins in the competition.

After deducting income tax, the three million bonus leaves two million four hundred thousand. While this amount may not be enough to cover the cost of cleaning these islands, it's not far off.

After all, not all five islands in this competition need to be cleaned up; only the first three islands need to be cleaned, while the fourth and fifth do not.

Moreover, if these three small islands weren't isolated in the ocean with no human settlements nearby, cleaning up the garbage would require a large amount of manpower and ships.

Otherwise, two million would have been a bit too much, but now it's not so certain. Two million is not only not a lot, but it might not even be enough.

However, Bai Yu and his team certainly couldn't let Chang Le pay for it, since this island cleanup operation was planned by their company, and they were the ones who contacted all the equipment and personnel in the early stages.

The plan is all set. Once the fishing competition here is completely over, they can begin their operation.

At this point, it's natural not to let Chang Le pay, but if he wants to participate, that's fine too. He can even have Chang Le lead a team to clean up a small island, giving him enough exposure.

Among all the contestants, he was the only one who made such a request. Bai Yu felt that he would be letting Chang Le down if he didn't give him more exposure, given Chang Le's environmentally conscious intentions.

As for the specific procedures, Chang Le and Li Shuang will discuss them. Bai Yu will not be involved in this matter, and he will not participate in cleaning the island.

It's not that he's not environmentally conscious, but he has other things to take care of. His company is only responsible for paying for professionals to do a thorough cleaning of these islands.

After talking with Chang Le, the group returned to the company.

They had barely arrived at the company when they received news that the people who went to investigate the wool sweater factory had sent back updates.

The investigation revealed that the sweaters sold by the other party were indeed suspected of being counterfeit. Their factory had only prepared five or six thousand sweaters, but the final sales amounted to ten thousand.

The four or five thousand sweaters that were missing in the middle were made later by working overtime. However, during the rush to make them, there was a shortage of wool raw materials, and the final result was predictable.

The processing plant wanted to continue making money from this, so it kept adding inventory to Bai Yu's live stream. In the end, the result was that they would use other raw materials to replace wool.

This result didn't require Bai Yu and his team to investigate further; their company's people came to their factory and asked them directly.

For factory workers, there's no concept of keeping secrets from their bosses. All they know is that they worked overtime a while ago to produce a batch of wool sweaters without any wool.

This outcome was actually expected by Bai Yu and the others. After all, if the manufacturer didn't have Wentong, how would the anti-counterfeiting activists have come to them?

Since the other party's product is indeed defective, the next step is compensation, which will be paid in accordance with the Consumer Law's ratio of three times the price for counterfeit goods.

Originally, when Li Xue communicated with the other party, the manufacturer was only willing to compensate for the fake part, which was the order of four or five thousand wool sweaters. The other part of the order was shipped with genuine wool sweaters, and their factory would not have to compensate for it.

That being said, in this situation, how can the other party distinguish between genuine and fake items?

Even if they can tell the difference, how can they convince consumers of what they say?

You have to understand that they're selling counterfeit goods now. Who can believe someone selling counterfeit goods when they say their products are genuine?

So after a lot of back and forth between Li Xue and the other party, the final result was that all 10,000 orders were fully compensated, and the customers did not need to return the goods. The goods that had been shipped out were considered to have been given to the consumers.

In Li Xue's words, this should be considered a lesson learned. Although their factory lost a lot of money, it was not yet bankrupt. If they managed it well, they could still recover.

As for those counterfeit wool sweaters from before, they just didn't have wool in the material. The overall quality was still very good. If you treated it as a regular sweater, the quality would be absolutely top-notch.

After the outcome was determined, Bai Yu and his team posted a solution through their company account and called Zhang Yuxin, asking her to explain the whole process and the solution during the live stream so that they could begin implementing it.

As Zhang Yuxin announced the investigation and handling results in her live broadcast, the controversy surrounding Yuxue Shipping Company's sale of counterfeit goods, which had just subsided, was reignited and is now rapidly escalating.

Within minutes, news about Yuxue Shipping Company appeared again on the top trending topics on Douyin.

Why use "again"? Because before this, Yuxue Shipping Company was already trending on Toutiao (a Chinese news and information platform). Their fishing competition had just ended, and the five million yuan in cash had just been distributed. It's not unreasonable for them to be trending on Toutiao.

Giving out a prize of five million yuan on the spot—which competition in the country has ever done that before?

The prize money from those competitions was just a numbered plaque; nothing compared to the thrill of Bai Yu and his friends getting cash directly.

Now, because of the announcement of the results of the investigation into the counterfeit goods incident, their company has once again become a trending topic.

Because this time, the compensation for selling counterfeit goods is more than five million yuan. Although this money is not paid by Bai Yu's company, the goods were sold by their company. In any case, this matter is related to their company to some extent.

Another thing is that their company's processing speed is incredibly fast. They said at 9 a.m. that the matter needed to be investigated, and just over two hours later, the investigation results were already out, and they had already started providing after-sales service.

Their sweater was previously priced at 169 yuan, but now that there's a problem, they need to refund the money and compensate three times the amount. All customers' orders were refunded immediately, and the money was returned to the original payment method.

As for the compensation, that won't be done so quickly; it will probably take one to two days to process.

After all, 10,000 people is a really big number, and the after-sales staff at the processing plant is really limited. It's only with the help of Bai Yu's company's harvest team that this matter can be resolved in one or two days.

The threefold compensation is 517 yuan, which means that these 10,000 consumers got a wool sweater/sweater for free without spending a penny, and also made more than 500 yuan in cash.

This is a very shocking thing for netizens across the internet. These days, you can actually make money by buying counterfeit goods?

The key point is that a large portion of the counterfeit goods sold by this seller are actually genuine, and the remaining small portion of counterfeit goods are also of very good quality, fully justifying the price of over a hundred yuan.

Suddenly, a new evaluation of Bai Yu's company's products appeared online: their goods were genuine and worth the price.

If you buy a counterfeit product, then congratulations, you've hit the jackpot! You've bought something worth far more than the real thing!

So much so that for a period of time afterward, whenever Bai Yu's company did a live-streaming sales event, a large number of netizens would ask in the comments when their company would start selling counterfeit goods again!

If there are counterfeit products, be sure to send them a video notification in advance. Even if they have to take leave or skip work, they will definitely come to support their company in selling goods.

Look at what they're saying! What kind of consumer wants a business to sell counterfeit goods?

Besides, if there were really counterfeit products, Bai Yu's company wouldn't do this; it would be a complete scam.

If you do too many deceitful things, you might have a son who is born without an anus.

This counterfeit goods incident also serves as a reminder to merchants who want to cooperate with Bai Yu's company: when you do cooperate with them, you must ship genuine products, otherwise Bai Yu's company will really suffer losses.

Non-food items are relatively better, with odds of only 3 to 1. However, if it were food items, the odds would be 10 to 1. As the odds soar, payouts less than 1,000 would be paid out as 1,000.

In addition, Bai Yu's company's efficiency has set an example for all online sales platforms and livestreaming hosts.

When faced with product quality issues, we must determine the appropriate speed and methods for handling them, and we must bear the responsibilities and pay the compensation as required.

There's an old saying that goes, "If you're going to get hit, stand up straight; you can't escape it."

............

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