Becoming Rich with Daily Scavenging APP-Chapter 394: Canceling Refund-Only

Marte Bubble’s annual revenue last year was just over a billion.

Moreover, most of Marte Bubble’s domestic stores have daily revenues of only hundreds of thousands, even the Shanghai store’s highest is about one million per day.

Yet, Marte Bubble’s first store in Bangkok did ten million in sales on its opening day.

Such terrifying figures were beyond everyone’s expectations beforehand.

Even though Yang Ning had informed Chen Yiyang in advance that Marte Bubble’s dolls were popular in Southeast Asia, Chen Yiyang didn’t expect them to be this popular.

"The company’s listing is absolutely secure." Yang Ning’s excitement was palpable.

This ten million in sales, regardless of profit, once recorded in the financial report, will certainly lead to a beautiful stock price for Marte Bubble post-listing.

Any investor will see a bright future in the Southeast Asia market for Marte Bubble from the sales figures at the Bangkok store.

Chen Yiyang’s investment in Marte Bubble primarily focuses on the post-listing returns. Hearing the good news, he hurried to join the celebration party.

Currently, Chen Yiyang still holds about twenty percent of Marte Bubble shares.

For Marte Bubble to list, it will surely introduce some new shareholders, and the original shareholders’ shares will need to be diluted.

"I don’t care about others’ shares, but mine must remain unchanged. If there’s a capital increase, I’ll match the amount." Chen Yiyang told Yang Ning about this in advance.

"Mr. Chen, you’re quite forthright." Yang Ning responded without changing his expression, "No one would dare dilute your shares."

If Chen Yiyang had said this before the Bangkok store opening, Yang Ning would definitely have disagreed.

Because if Chen Yiyang’s shares weren’t diluted, his own shares would need diluting.

However, after the Bangkok event, Yang Ning had no choice but to accept.

The reason being that Mr. Chen truly has connections in Southeast Asia.

The factory desired by Changcheng was snatched away easily, and local forces blocking the store opening in Bangkok were persuaded effortlessly.

Going forward, Marte Bubble needs to continue expanding in Thailand and even Southeast Asia, so a major shareholder with such connections is essential to appease.

It’s an indispensable resource, money can’t buy.

Marte Bubble’s future must be tied to Chen Yiyang, as long as he can continue helping Marte Bubble solve issues in Southeast Asia.

But after attending Yang Ning’s celebration party, Chen Yiyang had to hurry back to China.

Because there are currently two matters in the country needing his presence.

One is Lei Jun’s invitation to attend Rice’s new car launch event.

Indeed, after years of announcing car manufacturing, Lei Jun’s first vehicle is finally ready for sale.

Once the launch event ends, Rice will accept orders and officially sell the new car.

Lei Jun previously helped Chen Yiyang a lot, so Chen Yiyang feels obliged to attend the launch event for Lei Jun.

After the event ends, Chen Yiyang plans to order a Rice new car.

The new energy vehicle industry has developed to a point where new entrants are few.

Besides Rice, there’s Chen Yiyang’s Yiyang Automobile.

So Chen Yiyang hopes to gauge public acceptance of new brands in new energy vehicles from the order situation post Rice’s car launch.

Of course, according to the information Chen Yiyang received, Rice is going for the mid-to-high-end market, unlike Yiyang Automobile’s low-end route.

But it’s still very reference-worthy.

The other matter is that Shen Hong from Tail Product Meeting hopes Chen Yiyang can visit Peng City to discuss the development of Tail Product Meeting.

Chen Yiyang decides to meet Shen Hong first, then fly to Imperial Capital for the launch event.

Though it’s a bit rushed, the Tail Product Meeting matters are more important.

"Why call me here for this matter?" Chen Yiyang asked as he arrived in Peng City and immediately sought out Shen Hong.

"Mr. Chen, there’s a matter I can’t decide on and I’d like to hear your opinion."

"You’re being too polite, since when are we so formal?"

Chen Yiyang bought twenty-five percent of Tail Product Meeting’s shares from Tengxu, and those shares’ value has multiplied five or six times now.

This is thanks to Tail Product Meeting’s rapid recovery from implementing livestream sales, and its business model has been validated.

So in the capital markets, Tail Product Meeting’s stock value is rising.

Previously, Chen Yiyang worried Tengxu might regret it and want to buy back some Tail Product Meeting shares.

However, during a chat with Wu Changxun, he mentioned this, and Wu Changxun said Tengxu doesn’t care at all.

Though it appears to be a high-tech and gaming company,

Tengxu’s investment business consistently yields significant profits for the company.

The appreciation of Tail Product Meeting’s shares isn’t enough for Tengxu to regret.

Further, Tengxu also invested in Yiyang Automobile, rather than obsess over Tail Product Meeting shares, Tengxu hopes Yiyang Automobile can quickly launch its first model to observe market acceptance.

"I can’t help but be formal." Shen Hong replied, "Tail Product Meeting resurrected because of your ideas. If you don’t share your opinion on this major decision, I won’t sleep well."

"Has something happened?" Chen Yiyang inquired.

He hadn’t heard of any significant events happening in the e-commerce field.

Except for Jindong entering the food delivery industry and its clash with Ugly Group.

"Leaders from some major companies in the e-commerce field had a meeting." Shen Hong spoke softly. 𝘧𝘳𝘦ℯ𝓌𝘦𝒷𝘯𝑜𝑣𝘦𝓁.𝒸𝘰𝓂

This kind of thing requires confidentiality.

Although Shen Hong didn’t specify which companies, there are only a few major e-commerce firms, everyone knows: Jindong, Taobao, Pinduoduo.

If news of the conversation between these three companies’ leaders leaks, it will surely draw national attention over fears of a monopolic alliance.

Although people always believe having multiple major companies in a field is beneficial for consumers,

it depends on the situation.

If these entities are cross-sector giants unable to eliminate each other quickly,

They will undoubtedly collaborate in secret on significant future plans.

For instance, like the three video platforms did with advance viewing and super membership schemes, which must have been agreed upon privately, since how else would their actions be so synchronized?

If the three giants in the e-commerce sector decide to join forces and exploit consumers, the authorities would surely intervene to test how resilient these companies are.

Therefore, Chen Yiyang was curious about what these leaders discussed.

"They plan to cancel ’Direct Refund’, it’s basically decided, and they’ve informed smaller e-commerce platforms through private channels, so I wanted to ask if we should cancel ’Direct Refund’ too."

Cancel ’Direct Refund’?

Chen Yiyang raised his eyebrows, immediately understanding why Shen Hong was uncertain.