1/537 <font color=red></font> 09-02 12:10:31-09-02 12:10:39 The theory of Zhong Xue Gao,<br>2/537 <font color=red>xss</font> 09-02 12:10:00-09-02 12:10:19 Snow High Assassin's Reverse 2024,<br>3/537 <font color=red>n</font> 09-02 12:11:48-09-02 12:11:52 The crisis in Zhong Xue's business has fully erupted.<br>4/537 <font color=red>de</font> 09-02 12:10:02-09-02 12:10:11 Founder Lin Sheng is restricted from using company equipment...<br>5/537 <font color=red>hp</font> 09-02 12:10:03-09-02 12:10:06 Both auctions failed.<br>6/537 <font color=red>bg</font> 09-02 12:18:19-09-02 12:18:28 In the same year,<br>7/537 <font color=red>hp</font> 09-02 12:11:19-09-02 12:11:25 The court ruled that Zhong Xue Gao cannot repay its overdue ...<br>8/537 <font color=red></font> 09-02 12:10:04-09-02 12:10:11 And the assets are insufficient to cover all debts.<br>9/537 <font color=red></font> 09-02 12:10:33-09-02 12:10:40 Initiate bankruptcy proceedings.<br>10/537 <font color=red></font> 09-02 12:10:06-09-02 12:10:19 July 16, 2025<br>11/537 <font color=red></font> 09-02 12:10:07-09-02 12:10:12 Shanghai Third Intermediate People's Court issued a notice,<br>12/537 <font color=red>hp</font> 09-02 12:10:08-09-02 12:10:12 Due to Zhongshue's inability to repay its due debts,<br>13/537 <font color=red>aaa</font> 09-02 12:10:09-09-02 12:10:12 And the assets are insufficient.<br>14/537 <font color=red></font> 09-02 12:10:14-09-02 12:10:22 The court has suspended the execution case and transferred i...<br>15/537 <font color=red>n</font> 09-02 12:10:11-09-02 12:10:15 January 2026,<br>16/537 <font color=red>bg</font> 09-02 12:10:12-09-02 12:10:20 Shanghai No. 3 Intermediate People's Court ruled that,<br>17/537 <font color=red>hp</font> 09-02 12:10:16-09-02 12:10:20 It is undeniable that Xue Gao has...<br>18/537 <font color=red></font> 09-02 12:10:18-09-02 12:10:23 Total debt amount is approximately 150 million yuan.<br>19/537 <font color=red>de</font> 09-02 12:10:15-09-02 12:10:22 Officially declared bankruptcy.<br>20/537 <font color=red>aaa</font> 09-02 12:10:19-09-02 12:10:22 Once a tech mogul worth billions,<br>21/537 <font color=red>n</font> 09-02 12:10:20-09-02 12:10:26 Ultimately ended up in a patent.<br>22/537 <font color=red>bg</font> 09-02 12:10:24-09-02 12:10:32 The bidding price of 201 yuan is truly heartbreaking.<br>23/537 <font color=red></font> 09-02 12:10:22-09-02 12:10:31 Therefore,<br>24/537 <font color=red>xss</font> 09-02 12:10:23-09-02 12:10:32 This summer,<br>25/537 <font color=red>hp</font> 09-02 12:10:26-09-02 12:10:32 We didn't see any famous ice cream in the freezer.<br>26/537 <font color=red>de</font> 09-02 12:10:29-09-02 12:10:40 A brief recap of the Assassin's Creed: The Witcher, and its ...<br>27/537 <font color=red>bg</font> 09-02 12:10:34-09-02 12:10:50 In March 2018, I successfully managed the advertising campai...<br>28/537 <font color=red>aaa</font> 09-02 12:10:28-09-02 12:10:32 Lin Sheng.<br>29/537 <font color=red></font> 09-02 12:10:27-09-02 12:10:32 Founded in Shanghai,<br>30/537 <font color=red>n</font> 09-02 12:10:32-09-02 12:10:40 The brand name "Xue Gao" is a homophone of the Chinese surna...<br>31/537 <font color=red></font> 09-02 12:10:36-09-02 12:10:41 From the very beginning, it has been positioned as a "nation...<br>32/537 <font color=red>hp</font> 09-02 12:10:39-09-02 12:10:41 In 2018, the Ecuadorian "Powder Diamond" limited-edition ice...<br>33/537 <font color=red>bg</font> 09-02 12:11:09-09-02 12:11:14 Sold out within 15 hours.<br>34/537 <font color=red>aaa</font> 09-02 12:10:37-09-02 12:10:40 PingJieXueGaoJieAiMaShiDeBiaoQianChengGongChuQuan，<br>35/537 <font color=red></font> 09-02 12:11:10-09-02 12:11:14 In the middle of 2019,<br>36/537 <font color=red>xss</font> 09-02 12:10:40-09-02 12:10:55 Xue Gao's omnichannel sales exceeded 15 million units.<br>37/537 <font color=red></font> 09-02 12:10:41-09-02 12:10:50 Revenue exceeds 10 million,<br>38/537 <font color=red>n</font> 09-02 12:10:43-09-02 12:10:50 2020 sales doubled to 34 million units.<br>39/537 <font color=red></font> 09-02 12:10:46-09-02 12:10:55 ShuangShiYiGengShiChaoYueHaGenDaSiDengDingBingPinLei，<br>40/537 <font color=red>de</font> 09-02 12:10:47-09-02 12:10:55 The growth rate is astonishing.<br>41/537 <font color=red>aaa</font> 09-02 12:10:44-09-02 12:10:50 However,<br>42/537 <font color=red></font> 09-02 12:10:48-09-02 12:10:55 Only in the year 2019,<br>43/537 <font color=red>bg</font> 09-02 12:10:51-09-02 12:11:05 Zhong Xuegu has been penalized twice by the market regulator...<br>44/537 <font color=red>n</font> 09-02 12:19:19-09-02 12:19:23 Once.<br>45/537 <font color=red>hp</font> 09-02 12:10:50-09-02 12:10:55 It is claimed that without a single drop of water,<br>46/537 <font color=red>aaa</font> 09-02 12:10:54-09-02 12:10:55 However, it contains drinking water in the ingredients list.<br>47/537 <font color=red></font> 09-02 12:10:57-09-02 12:11:05 Another time, the loose red peppers were advertised as premi...<br>48/537 <font color=red></font> 09-02 12:10:53-09-02 12:10:55 In addition,<br>49/537 <font color=red>hp</font> 09-02 12:10:58-09-02 12:11:05 There are still fabricated ingredients winning awards,<br>50/537 <font color=red>n</font> 09-02 12:10:55-09-02 12:11:04 Exaggerate,<br>51/537 <font color=red>aaa</font> 09-02 12:11:01-09-02 12:11:05 Inaccurate statements in multiple places regarding the safet...<br>52/537 <font color=red></font> 09-02 12:11:00-09-02 12:11:05 However,<br>53/537 <font color=red></font> 09-02 12:11:03-09-02 12:11:14 These early violations did not trigger widespread public att...<br>54/537 <font color=red>de</font> 09-02 12:11:05-09-02 12:11:14 2021 was a peak year for Zhong Xue High,<br>55/537 <font color=red>xss</font> 09-02 12:11:04-09-02 12:11:14 Annual sales exceeded 10 million.<br>56/537 <font color=red>n</font> 09-02 12:11:07-09-02 12:11:14 May,<br>57/537 <font color=red></font> 09-02 12:11:12-09-02 12:11:14 Completed a two-billion yuan A round financing led by Native...<br>58/537 <font color=red>aaa</font> 09-02 12:11:14-09-02 12:11:25 Valuation reached as high as forty billion yuan.<br>59/537 <font color=red>hp</font> 09-02 12:11:13-09-02 12:11:14 Become a benchmark case in the new consumption arena.<br>60/537 <font color=red>bg</font> 09-02 12:11:16-09-02 12:11:25 Lin Sheng proposed a strategy of "sweetening" the product,<br>61/537 <font color=red>bg</font> 09-02 12:12:07-09-02 12:12:18 Launch a variety of new products,<br>62/537 <font color=red></font> 09-02 12:11:18-09-02 12:11:25 Even launching products such as dumplings and tangyuan (glut...<br>63/537 <font color=red></font> 09-02 12:11:17-09-02 12:11:25 Trying to further increase product premium.<br>64/537 <font color=red>aaa</font> 09-02 12:11:52-09-02 12:12:00 However,<br>65/537 <font color=red></font> 09-02 12:11:22-09-02 12:11:33 In the summer of 2022,<br>66/537 <font color=red>n</font> 09-02 12:11:21-09-02 12:11:25 Several videos have pushed Zhongxue to the public eye,<br>67/537 <font color=red>de</font> 09-02 12:11:23-09-02 12:11:33 Thirty-two degrees Celsius, one hour without melting.<br>68/537 <font color=red>xss</font> 09-02 12:11:25-09-02 12:11:33 Even if it's burned,<br>69/537 <font color=red>hp</font> 09-02 12:12:09-09-02 12:12:18 Raise concerns about compliance with ingredients.<br>70/537 <font color=red></font> 09-02 12:20:03-09-02 12:20:14 And then there's the famous nickname of "Ice Cream Assassin,...<br>71/537 <font color=red></font> 09-02 12:11:26-09-02 12:11:33 Xue Gao doesn't have its own independent freezer.<br>72/537 <font color=red>aaa</font> 09-02 12:11:29-09-02 12:11:33 Mix with ordinary ice cream.<br>73/537 <font color=red>bg</font> 09-02 12:11:27-09-02 12:11:33 Consumers found that,<br>74/537 <font color=red></font> 09-02 12:11:30-09-02 12:11:33 A single one costs twenty-two yuan.<br>75/537 <font color=red>hp</font> 09-02 12:11:31-09-02 12:11:33 The high price of 66 yuan caused complaints.<br>76/537 <font color=red>n</font> 09-02 12:11:33-09-02 12:11:44 Regarding these two points,<br>77/537 <font color=red></font> 09-02 12:11:36-09-02 12:11:44 Xue's response was a PR disaster.<br>78/537 <font color=red>hp</font> 09-02 12:11:38-09-02 12:11:44 First, let's talk about the legality of Karaya gum.<br>79/537 <font color=red>bg</font> 09-02 12:11:34-09-02 12:11:44 However,<br>80/537 <font color=red></font> 09-02 12:11:37-09-02 12:11:44 The key to the problem is,<br>81/537 <font color=red>aaa</font> 09-02 12:11:40-09-02 12:11:44 There is a significant difference between the standard ingre...<br>82/537 <font color=red></font> 09-02 12:11:41-09-02 12:11:52 Chili peppers are a very cheap food additive.<br>83/537 <font color=red></font> 09-02 12:11:46-09-02 12:11:52 Therefore, there is suspicion of low quality and high price.<br>84/537 <font color=red>de</font> 09-02 12:11:42-09-02 12:11:52 In addition to the founder, Lin Sheng.<br>85/537 <font color=red>xss</font> 09-02 12:11:43-09-02 12:11:52 He is at that price.<br>86/537 <font color=red>bg</font> 09-02 12:11:45-09-02 12:11:52 Do you like it?<br>87/537 <font color=red>bg</font> 09-02 12:11:53-09-02 12:12:01 A widely circulated interview clip has severely damaged the ...<br>88/537 <font color=red>hp</font> 09-02 12:11:49-09-02 12:11:52 As a result of this discussion,<br>89/537 <font color=red></font> 09-02 12:11:50-09-02 12:12:00 The image of the Chinese shoe brand has been completely ruin...<br>90/537 <font color=red></font> 09-02 12:11:54-09-02 12:12:01 Consumers are voting with their feet.<br>91/537 <font color=red>hp</font> 09-02 12:11:57-09-02 12:12:01 Ice cream assassin, from a popular internet meme to a phenom...<br>92/537 <font color=red>n</font> 09-02 12:11:56-09-02 12:12:01 The entire high-speed track was then entered.<br>93/537 <font color=red>bg</font> 09-02 12:12:50-09-02 12:13:00 In the cycle of bubbles.<br>94/537 <font color=red>aaa</font> 09-02 12:12:52-09-02 12:13:00 Xue's pride in his traffic-based strategy,<br>95/537 <font color=red></font> 09-02 12:11:58-09-02 12:12:09 To look at oneself in the face of negative public opinion,<br>96/537 <font color=red>de</font> 09-02 12:12:00-09-02 12:12:09 In the past, we have relied heavily on social media to creat...<br>97/537 <font color=red></font> 09-02 12:12:03-09-02 12:12:09 What kind of backlash will I have to endure right now?<br>98/537 <font color=red>xss</font> 09-02 12:12:01-09-02 12:12:18 In the previous article criticizing Kuaixinma,<br>99/537 <font color=red></font> 09-02 12:12:11-09-02 12:12:18 I'm complaining about Kweichow Moutai. It seems like Kweicho...<br>100/537 <font color=red>aaa</font> 09-02 12:12:04-09-02 12:12:09 Hidden among a pile of cheap ice creams,<br>101/537 <font color=red></font> 09-02 12:12:05-09-02 12:12:09 Always prepared to be stabbed.<br>102/537 <font color=red>n</font> 09-02 12:12:08-09-02 12:12:09 Customers who can grab and pay as they go.<br>103/537 <font color=red>aaa</font> 09-02 12:12:13-09-02 12:12:18 Many of the movies by Ke Ai Ma Hua are directed by Shen Teng...<br>104/537 <font color=red>n</font> 09-02 12:12:15-09-02 12:12:18 Place Shen Teng in a prominent position in the promotion.<br>105/537 <font color=red></font> 09-02 12:13:35-09-02 12:13:40 Looking at the results, I saw that Shen Teng appeared as a c...<br>106/537 <font color=red></font> 09-02 12:12:12-09-02 12:12:18 Even in the Hotel Ritz,<br>107/537 <font color=red>bg</font> 09-02 12:13:01-09-02 12:13:08 Shen Teng appeared in the photo.<br>108/537 <font color=red></font> 09-02 12:12:18-09-02 12:12:28 Always prepared to be stabbed by the audience buying tickets...<br>109/537 <font color=red>de</font> 09-02 12:12:16-09-02 12:12:18 However,<br>110/537 <font color=red>bg</font> 09-02 12:12:19-09-02 12:12:28 Despite being abandoned by the market and consumers,<br>111/537 <font color=red></font> 09-02 12:12:24-09-02 12:12:28 Xue Gao had already made a fortune through his sophisticated...<br>112/537 <font color=red></font> 09-02 12:12:21-09-02 12:12:28 Therefore, consumers must learn from their mistakes and beco...<br>113/537 <font color=red>n</font> 09-02 12:12:26-09-02 12:12:28 Don't let merchants feel that they can keep harvesting veget...<br>114/537 <font color=red>hp</font> 09-02 12:12:22-09-02 12:12:28 We need to learn,<br>115/537 <font color=red>aaa</font> 09-02 12:12:23-09-02 12:12:28 To improve,<br>116/537 <font color=red>de</font> 09-02 12:12:27-09-02 12:12:29 To gain experience,<br>117/537 <font color=red>xss</font> 09-02 12:12:28-09-02 12:12:39 Don't get ripped off by others,<br>118/537 <font color=red>bg</font> 09-02 12:12:30-09-02 12:12:39 He was also mocked for being stupid but rich.<br>119/537 <font color=red>hp</font> 09-02 12:12:33-09-02 12:12:39 So, let's take a closer look at and critique Zhong Xue.<br>120/537 <font color=red></font> 09-02 12:12:31-09-02 12:12:39 It is very necessary to consume new products.<br>121/537 <font color=red>aaa</font> 09-02 12:12:34-09-02 12:12:39 When it comes to representatives of the Snowball Assassin,<br>122/537 <font color=red></font> 09-02 12:12:36-09-02 12:12:49 Xue Gao had to mention the new consumption trend that emerge...<br>123/537 <font color=red>de</font> 09-02 12:12:39-09-02 12:12:49 Xue Gao is one of the few lucky ones in this new wave of spe...<br>124/537 <font color=red></font> 09-02 12:12:35-09-02 12:12:39 In 2018,<br>125/537 <font color=red>n</font> 09-02 12:12:38-09-02 12:12:39 In,<br>126/537 <font color=red>bg</font> 09-02 12:12:41-09-02 12:12:49 Shuo Hao successively obtained funding from True Fund,<br>127/537 <font color=red></font> 09-02 12:12:42-09-02 12:12:49 Fongrui Capital's angel round investment,<br>128/537 <font color=red>aaa</font> 09-02 12:12:43-09-02 12:12:49 And Tian Tu Capital, led by Head is Dao, participated in the...<br>129/537 <font color=red></font> 09-02 12:12:45-09-02 12:12:49 In 2021,<br>130/537 <font color=red>n</font> 09-02 12:12:48-09-02 12:12:49 High School Xue completed a 20 million yuan A-round financin...<br>131/537 <font color=red>xss</font> 09-02 12:12:49-09-02 12:13:00 This round is led by Native Capital,<br>132/537 <font color=red>hp</font> 09-02 12:12:46-09-02 12:12:49 Leader,<br>133/537 <font color=red>n</font> 09-02 12:12:53-09-02 12:13:00 All the capital follows suit.<br>134/537 <font color=red></font> 09-02 12:12:54-09-02 12:13:00 Looking at the venture capital and financing configuration.<br>135/537 <font color=red>hp</font> 09-02 12:12:56-09-02 12:13:00 If it were in 2014,<br>136/537 <font color=red></font> 09-02 12:12:57-09-02 12:13:08 Everyone will think this is an internet startup.<br>137/537 <font color=red>de</font> 09-02 12:13:20-09-02 12:13:29 But essentially,<br>138/537 <font color=red></font> 09-02 12:12:59-09-02 12:13:08 He and the products of the internet boom in those days were ...<br>139/537 <font color=red>bg</font> 09-02 12:14:19-09-02 12:14:28 It is the fruit of capital speculation.<br>140/537 <font color=red>de</font> 09-02 12:13:00-09-02 12:13:08 Please note,<br>141/537 <font color=red>hp</font> 09-02 12:13:03-09-02 12:13:08 Here, "speculation" is a neutral term in the financial field...<br>142/537 <font color=red></font> 09-02 12:13:04-09-02 12:13:08 It's not the kind of speculation that we usually understand,<br>143/537 <font color=red>de</font> 09-02 12:21:40-09-02 12:21:50 Just objectively describe the phenomenon,<br>144/537 <font color=red>n</font> 09-02 12:13:06-09-02 12:13:08 And just like the many new concepts that emerged during the ...<br>145/537 <font color=red>aaa</font> 09-02 12:13:07-09-02 12:13:08 New consumption is just a capital speculation gimmick.<br>146/537 <font color=red>xss</font> 09-02 12:13:08-09-02 12:13:20 Once the capital is exhausted,<br>147/537 <font color=red></font> 09-02 12:13:52-09-02 12:13:59 It will be replaced soon.<br>148/537 <font color=red></font> 09-02 12:13:11-09-02 12:13:20 For example, the metaverse that is currently very popular.<br>149/537 <font color=red>bg</font> 09-02 12:13:10-09-02 12:13:20 n f t, etc.<br>150/537 <font color=red>n</font> 09-02 12:13:13-09-02 12:13:20 Find a concept and invest in it.<br>151/537 <font color=red></font> 09-02 12:13:15-09-02 12:13:20 Then, pass the drum around to find a successor.<br>152/537 <font color=red>hp</font> 09-02 12:13:14-09-02 12:13:20 The best-case scenario is for the company to go public.<br>153/537 <font color=red>aaa</font> 09-02 12:13:17-09-02 12:13:20 Make all shareholders act as market makers.<br>154/537 <font color=red>bg</font> 09-02 12:13:21-09-02 12:13:29 I have complained about this phenomenon in the article "The ...<br>155/537 <font color=red></font> 09-02 12:13:18-09-02 12:13:29 Social media is a great way to start a business.<br>156/537 <font color=red></font> 09-02 12:13:22-09-02 12:13:29 Then the company went bankrupt.<br>157/537 <font color=red>hp</font> 09-02 12:13:24-09-02 12:13:29 Start doing live streaming when it goes viral.<br>158/537 <font color=red>n</font> 09-02 12:13:25-09-02 12:13:29 Then the company went bankrupt, and Bitcoin became popular.<br>159/537 <font color=red></font> 09-02 12:13:26-09-02 12:13:29 Start issuing air coins.<br>160/537 <font color=red>aaa</font> 09-02 12:13:54-09-02 12:13:59 Then the company went bankrupt.<br>161/537 <font color=red>xss</font> 09-02 12:13:29-09-02 12:13:48 Then, the wave of new consumption began to emerge.<br>162/537 <font color=red></font> 09-02 12:13:32-09-02 12:13:40 Now, they are all starting to do live broadcasts on platform...<br>163/537 <font color=red>aaa</font> 09-02 12:13:28-09-02 12:13:29 Metaverse is trending,<br>164/537 <font color=red>bg</font> 09-02 12:13:31-09-02 12:13:40 Everyone is doing NFT, it's so hot.<br>165/537 <font color=red>hp</font> 09-02 12:13:33-09-02 12:13:40 All in on a, and then wait until it's no longer popular.<br>166/537 <font color=red>n</font> 09-02 12:13:36-09-02 12:13:40 Then do government business that is safe and secure.<br>167/537 <font color=red>de</font> 09-02 12:13:39-09-02 12:13:48 Simply put, which industry's money is the hottest.<br>168/537 <font color=red></font> 09-02 12:13:40-09-02 12:13:48 Which field is most likely to generate high returns for capi...<br>169/537 <font color=red>aaa</font> 09-02 12:13:38-09-02 12:13:40 They are like smelling food,<br>170/537 <font color=red></font> 09-02 12:14:20-09-02 12:14:28 Quickly pounced like a fox.<br>171/537 <font color=red>bg</font> 09-02 12:13:42-09-02 12:13:48 Although the company has been yellow,<br>172/537 <font color=red></font> 09-02 12:13:44-09-02 12:13:48 But it doesn't prevent them from paying themselves high sala...<br>173/537 <font color=red></font> 09-02 12:13:46-09-02 12:13:48 This doesn't prevent investors from finding the next buyer t...<br>174/537 <font color=red>aaa</font> 09-02 12:13:47-09-02 12:13:48 Therefore, it doesn't affect their status as agents.<br>175/537 <font color=red>hp</font> 09-02 12:13:43-09-02 12:13:48 Go on to find the next hot spot.<br>176/537 <font color=red>n</font> 09-02 12:13:48-09-02 12:13:59 This is the way of attracting wealthy elites to donate in th...<br>177/537 <font color=red>bg</font> 09-02 12:13:50-09-02 12:13:59 Once successfully listed,<br>178/537 <font color=red>hp</font> 09-02 12:13:51-09-02 12:13:59 Investors' money,<br>179/537 <font color=red></font> 09-02 12:13:56-09-02 12:14:07 Return the money to shareholders and consumers in a 3:7 rati...<br>180/537 <font color=red>de</font> 09-02 12:13:58-09-02 12:14:07 Therefore, they have to find hot topics in various ways.<br>181/537 <font color=red></font> 09-02 12:13:55-09-02 12:13:59 Capital cannot stop,<br>182/537 <font color=red>xss</font> 09-02 12:13:59-09-02 12:14:17 When capital stops, it means the expectation of losing profi...<br>183/537 <font color=red>aaa</font> 09-02 12:14:42-09-02 12:14:49 Ride a shared bike,<br>184/537 <font color=red>bg</font> 09-02 12:14:50-09-02 12:14:59 Live streaming sales, let's make a profit.<br>185/537 <font color=red>de</font> 09-02 12:22:39-09-02 12:22:49 New consumption,<br>186/537 <font color=red></font> 09-02 12:14:02-09-02 12:14:07 A round of Metaverse, a round of NFT, a round of AI.<br>187/537 <font color=red>bg</font> 09-02 12:14:00-09-02 12:14:07 Trade a bit.<br>188/537 <font color=red>n</font> 09-02 12:14:03-09-02 12:14:07 After frying,<br>189/537 <font color=red>hp</font> 09-02 12:14:05-09-02 12:14:07 As long as there is a buyer,<br>190/537 <font color=red>aaa</font> 09-02 12:14:06-09-02 12:14:07 The first person to grab the drumsticks and hold them in the...<br>191/537 <font color=red>bg</font> 09-02 12:14:09-09-02 12:14:17 However, the physical economy that is inflated by bubbles of...<br>192/537 <font color=red></font> 09-02 12:14:07-09-02 12:14:17 Now, new consumption is no longer a hot topic.<br>193/537 <font color=red>aaa</font> 09-02 12:14:13-09-02 12:14:17 It's hard for high school students to play the game of "tele...<br>194/537 <font color=red></font> 09-02 12:14:10-09-02 12:14:17 Its supply chain and economies of scale are far from those o...<br>195/537 <font color=red></font> 09-02 12:14:12-09-02 12:14:17 Mengniu and Lu Xue,<br>196/537 <font color=red>n</font> 09-02 12:14:14-09-02 12:14:17 Therefore, it is necessary to use extremely high pricing in ...<br>197/537 <font color=red>hp</font> 09-02 12:14:16-09-02 12:14:17 It's not just the high cost of production and transportation...<br>198/537 <font color=red>de</font> 09-02 12:14:17-09-02 12:14:28 Should we pay high salaries?<br>199/537 <font color=red>n</font> 09-02 12:14:24-09-02 12:14:28 Should the endorsement fees of traffic stars be increased?<br>200/537 <font color=red>aaa</font> 09-02 12:14:21-09-02 12:14:28 Should you buy advertising space on dominant platforms?<br>201/537 <font color=red></font> 09-02 12:14:23-09-02 12:14:28 These are all money.<br>202/537 <font color=red>hp</font> 09-02 12:14:25-09-02 12:14:28 The previous money-burning model was to burn the investor's ...<br>203/537 <font color=red></font> 09-02 12:16:50-09-02 12:16:57 Currently, investors are looking at robots or AI as new oppo...<br>204/537 <font color=red></font> 09-02 12:15:16-09-02 12:15:26 You new consumption has long been overshadowed by the old,<br>205/537 <font color=red></font> 09-02 12:14:27-09-02 12:14:38 So, where does money come from?<br>206/537 <font color=red>xss</font> 09-02 12:14:28-09-02 12:14:38 Come up with clever names,<br>207/537 <font color=red>bg</font> 09-02 12:14:29-09-02 12:14:38 No,<br>208/537 <font color=red></font> 09-02 12:14:31-09-02 12:14:38 is a new trend in research and development,<br>209/537 <font color=red></font> 09-02 12:14:32-09-02 12:14:38 More specialized fields,<br>210/537 <font color=red>hp</font> 09-02 12:14:34-09-02 12:14:38 It's not a good idea to look for products with higher unit v...<br>211/537 <font color=red>bg</font> 09-02 12:14:39-09-02 12:14:49 Find the young people who have more consumption habits in mo...<br>212/537 <font color=red>aaa</font> 09-02 12:14:35-09-02 12:14:38 If consumers don't pay these amounts,<br>213/537 <font color=red>n</font> 09-02 12:14:37-09-02 12:14:38 Are we supposed to get bonuses from our executives?<br>214/537 <font color=red>de</font> 09-02 12:14:38-09-02 12:14:49 Of course,<br>215/537 <font color=red></font> 09-02 12:14:43-09-02 12:14:49 We need to look at these issues from two different perspecti...<br>216/537 <font color=red></font> 09-02 12:14:41-09-02 12:14:49 These entrepreneurs are chasing trends,<br>217/537 <font color=red>n</font> 09-02 12:14:45-09-02 12:14:49 Play the game of capital.<br>218/537 <font color=red>hp</font> 09-02 12:14:46-09-02 12:14:49 Although it's annoying,<br>219/537 <font color=red>bg</font> 09-02 12:23:29-09-02 12:23:38 Although many people have been cut off,<br>220/537 <font color=red></font> 09-02 12:14:48-09-02 12:14:59 But we can criticize them,<br>221/537 <font color=red>xss</font> 09-02 12:14:49-09-02 12:14:59 Those who float on the surface,<br>222/537 <font color=red>aaa</font> 09-02 12:16:24-09-02 12:16:27 Don't just look at these entrepreneurs chasing trends and ma...<br>223/537 <font color=red>n</font> 09-02 12:14:53-09-02 12:14:59 Why didn't the supply companies established in Shanghai duri...<br>224/537 <font color=red>aaa</font> 09-02 12:14:54-09-02 12:14:59 Why aren't there so many of them?<br>225/537 <font color=red></font> 09-02 12:14:52-09-02 12:14:59 Therefore,<br>226/537 <font color=red></font> 09-02 12:14:56-09-02 12:14:59 Compared to those who own their money,<br>227/537 <font color=red>de</font> 09-02 12:14:57-09-02 12:15:08 These emerging capital elites are at least a little closer t...<br>228/537 <font color=red></font> 09-02 12:15:46-09-02 12:15:57 It is also less harmful to us, and can be observed.<br>229/537 <font color=red>hp</font> 09-02 12:14:59-09-02 12:15:08 Some even have the positive significance of promoting social...<br>230/537 <font color=red></font> 09-02 12:15:02-09-02 12:15:08 This is something we have to admit.<br>231/537 <font color=red>n</font> 09-02 12:15:03-09-02 12:15:08 However, on the other hand,<br>232/537 <font color=red>bg</font> 09-02 12:15:00-09-02 12:15:08 Unfortunately,<br>233/537 <font color=red>aaa</font> 09-02 12:15:04-09-02 12:15:08 These no money are not intended to be disruptive or replace ...<br>234/537 <font color=red></font> 09-02 12:15:06-09-02 12:15:08 And just a facade of innovation,<br>235/537 <font color=red></font> 09-02 12:15:07-09-02 12:15:18 Go find the remaining leeks.<br>236/537 <font color=red>bg</font> 09-02 12:15:11-09-02 12:15:18 Therefore, their eating habits are particularly unsightly.<br>237/537 <font color=red>xss</font> 09-02 12:15:08-09-02 12:15:26 It is also the easiest to cause consumer resistance.<br>238/537 <font color=red>hp</font> 09-02 12:15:10-09-02 12:15:18 II.<br>239/537 <font color=red>n</font> 09-02 12:15:14-09-02 12:15:18 The Metaverse, the hottest NFT game five years ago.<br>240/537 <font color=red>aaa</font> 09-02 12:15:15-09-02 12:15:18 There are still 24 years left for the a a i industry to beco...<br>241/537 <font color=red></font> 09-02 12:15:12-09-02 12:15:18 These contents have both progress and direction.<br>242/537 <font color=red>bg</font> 09-02 12:15:19-09-02 12:15:26 If there were no capital, this direction would not be valued...<br>243/537 <font color=red>de</font> 09-02 12:15:18-09-02 12:15:26 Another example of the "cutting leeks" mentality,<br>244/537 <font color=red></font> 09-02 12:15:21-09-02 12:15:26 Demand for capital appreciation,<br>245/537 <font color=red>hp</font> 09-02 12:15:22-09-02 12:15:26 This doesn't contradict.<br>246/537 <font color=red>hp</font> 09-02 12:16:11-09-02 12:16:17 New consumption that has been abandoned by hot money,<br>247/537 <font color=red>aaa</font> 09-02 12:15:23-09-02 12:15:26 In those days, it also had this duality.<br>248/537 <font color=red>n</font> 09-02 12:15:25-09-02 12:15:26 Taking ice cream as an example,<br>249/537 <font color=red></font> 09-02 12:15:30-09-02 12:15:37 The old money in this field have a bad reputation.<br>250/537 <font color=red></font> 09-02 12:15:26-09-02 12:15:37 The three largest players in this field are,<br>251/537 <font color=red>bg</font> 09-02 12:15:28-09-02 12:15:37 Ili,<br>252/537 <font color=red></font> 09-02 12:15:29-09-02 12:15:37 Mengniu<br>253/537 <font color=red>hp</font> 09-02 12:15:32-09-02 12:15:37 Snow,<br>254/537 <font color=red>aaa</font> 09-02 12:15:33-09-02 12:15:37 All of them have a dark past.<br>255/537 <font color=red>n</font> 09-02 12:15:34-09-02 12:15:37 But unfortunately, the appearance of Lu money is not very go...<br>256/537 <font color=red>de</font> 09-02 12:15:36-09-02 12:15:47 In the wave of new consumption entrepreneurship driven by ca...<br>257/537 <font color=red>bg</font> 09-02 12:15:39-09-02 12:15:47 These startups spend the most money on, not products.<br>258/537 <font color=red>xss</font> 09-02 12:15:37-09-02 12:15:47 But in marketing, it's a trick.<br>259/537 <font color=red></font> 09-02 12:15:40-09-02 12:15:47 As soon as you hear that a certain brand uses some kind of g...<br>260/537 <font color=red></font> 09-02 12:15:41-09-02 12:15:47 What new technology is being used?<br>261/537 <font color=red>aaa</font> 09-02 12:15:43-09-02 12:15:47 That's why it costs so much.<br>262/537 <font color=red>bg</font> 09-02 12:15:49-09-02 12:15:57 This phenomenon doesn't mean that this brand is really worth...<br>263/537 <font color=red>hp</font> 09-02 12:15:44-09-02 12:15:47 Instead, he really spent his marketing expenses wisely.<br>264/537 <font color=red>n</font> 09-02 12:15:47-09-02 12:15:56 Like this kind of article,<br>265/537 <font color=red></font> 09-02 12:15:50-09-02 12:15:57 The cost of marketing is a small head for self-media tasting...<br>266/537 <font color=red></font> 09-02 12:15:51-09-02 12:15:57 What truly matters is the location you get when buying on Ta...<br>267/537 <font color=red>aaa</font> 09-02 12:15:53-09-02 12:15:57 In a more professional way,<br>268/537 <font color=red>de</font> 09-02 12:16:36-09-02 12:16:46 This is called channel fee.<br>269/537 <font color=red>hp</font> 09-02 12:15:54-09-02 12:15:57 As everyone knows,<br>270/537 <font color=red>de</font> 09-02 12:15:56-09-02 12:16:07 These large platforms are like landlords,<br>271/537 <font color=red>de</font> 09-02 12:24:45-09-02 12:24:55 You don't give him enough money,<br>272/537 <font color=red>xss</font> 09-02 12:15:57-09-02 12:16:07 He won't expose you.<br>273/537 <font color=red>n</font> 09-02 12:15:59-09-02 12:16:07 We are searching for a product.<br>274/537 <font color=red>bg</font> 09-02 12:16:00-09-02 12:16:07 Top few pages of Taobao,<br>275/537 <font color=red></font> 09-02 12:16:01-09-02 12:16:07 Or, if it's recommended to you by Douyin (TikTok),<br>276/537 <font color=red></font> 09-02 12:16:03-09-02 12:16:07 All of them have paid a very substantial channel fee.<br>277/537 <font color=red>hp</font> 09-02 12:16:04-09-02 12:16:07 Just like opening a physical store,<br>278/537 <font color=red>aaa</font> 09-02 12:16:05-09-02 12:16:07 Rent is due,<br>279/537 <font color=red></font> 09-02 12:16:07-09-02 12:16:17 The better the location,<br>280/537 <font color=red>bg</font> 09-02 12:16:08-09-02 12:16:17 The higher the rent,<br>281/537 <font color=red>n</font> 09-02 12:16:12-09-02 12:16:17 The channel fee I paid to the platform is equivalent to onli...<br>282/537 <font color=red></font> 09-02 12:16:09-09-02 12:16:17 So, what do you guys want to buy?<br>283/537 <font color=red>de</font> 09-02 12:16:16-09-02 12:16:27 Once you find a brand that appears frequently in search resu...<br>284/537 <font color=red>aaa</font> 09-02 12:16:15-09-02 12:16:17 Small businesses generally can't afford such advertising cos...<br>285/537 <font color=red></font> 09-02 12:16:13-09-02 12:16:17 Fees,<br>286/537 <font color=red>bg</font> 09-02 12:16:58-09-02 12:17:07 Live streaming e-commerce is the same,<br>287/537 <font color=red>xss</font> 09-02 12:16:17-09-02 12:16:36 Besides those who have already become popular streamers earl...<br>288/537 <font color=red>bg</font> 09-02 12:16:19-09-02 12:16:27 The remaining brands need to pay the platform for exposure.<br>289/537 <font color=red>n</font> 09-02 12:16:20-09-02 12:16:27 Or let the big streamers charge high placement fees.<br>290/537 <font color=red></font> 09-02 12:16:22-09-02 12:16:27 Usually, after a live broadcast,<br>291/537 <font color=red></font> 09-02 12:16:23-09-02 12:16:36 These fees are much higher than the profit from selling good...<br>292/537 <font color=red>hp</font> 09-02 12:16:26-09-02 12:16:27 Moreover, the main streamers often have a very low price.<br>293/537 <font color=red></font> 09-02 12:16:27-09-02 12:16:36 They only maintain their fan base by offering such low price...<br>294/537 <font color=red>bg</font> 09-02 12:16:28-09-02 12:16:36 But why do new consumer brands spend a lot of money without ...<br>295/537 <font color=red>aaa</font> 09-02 12:16:30-09-02 12:16:36 The more you sell, the more you lose.<br>296/537 <font color=red></font> 09-02 12:17:28-09-02 12:17:37 Still have to pay exorbitant tolls,<br>297/537 <font color=red></font> 09-02 12:16:31-09-02 12:16:36 Still need to queue up for the head-on line,<br>298/537 <font color=red>n</font> 09-02 12:16:33-09-02 12:16:36 Should the big anchors be responsible for promoting products...<br>299/537 <font color=red>hp</font> 09-02 12:16:34-09-02 12:16:36 Because of the need to fill data,<br>300/537 <font color=red>bg</font> 09-02 12:16:37-09-02 12:16:46 You must make the data look good.<br>301/537 <font color=red></font> 09-02 12:16:38-09-02 12:16:46 To get funding in the next round,<br>302/537 <font color=red>aaa</font> 09-02 12:16:40-09-02 12:16:46 This is the only way to keep this game going.<br>303/537 <font color=red>n</font> 09-02 12:16:42-09-02 12:16:46 The logic of capital is that it doesn't care if you lose mon...<br>304/537 <font color=red></font> 09-02 12:17:19-09-02 12:17:25 But I'm very concerned about your size.<br>305/537 <font color=red></font> 09-02 12:16:41-09-02 12:16:46 Data,<br>306/537 <font color=red></font> 09-02 12:16:45-09-02 12:16:57 As long as the data is good,<br>307/537 <font color=red>hp</font> 09-02 12:16:43-09-02 12:16:46 Explain that you have potential customers,<br>308/537 <font color=red>bg</font> 09-02 12:16:48-09-02 12:16:57 Then we can continue this chain-letter game.<br>309/537 <font color=red></font> 09-02 12:16:49-09-02 12:16:57 Maybe it will be profitable in the future.<br>310/537 <font color=red>xss</font> 09-02 12:16:46-09-02 12:16:57 Therefore,<br>311/537 <font color=red>aaa</font> 09-02 12:16:52-09-02 12:16:57 New consumer startups are pouring money into marketing and c...<br>312/537 <font color=red>de</font> 09-02 12:16:54-09-02 12:17:07 Even if it means losing money, they'll still seek out popula...<br>313/537 <font color=red>hp</font> 09-02 12:16:55-09-02 12:16:57 The purpose is to make the data look good.<br>314/537 <font color=red>n</font> 09-02 12:16:57-09-02 12:17:07 Attracted by new capital.<br>315/537 <font color=red>aaa</font> 09-02 12:18:02-09-02 12:18:08 Are they all idiots?<br>316/537 <font color=red></font> 09-02 12:17:00-09-02 12:17:07 Of course not,<br>317/537 <font color=red></font> 09-02 12:17:01-09-02 12:17:07 They just want to play this game.<br>318/537 <font color=red></font> 09-02 12:17:03-09-02 12:17:16 This game has a lot of profit.<br>319/537 <font color=red>hp</font> 09-02 12:17:05-09-02 12:17:07 Even if the drumsticks are broken and scattered, it's just a...<br>320/537 <font color=red>aaa</font> 09-02 12:17:04-09-02 12:17:07 Next time, the jester will be someone else.<br>321/537 <font color=red>hp</font> 09-02 12:17:33-09-02 12:17:37 Even more capital.<br>322/537 <font color=red>xss</font> 09-02 12:17:07-09-02 12:17:25 For example, Alibaba.<br>323/537 <font color=red></font> 09-02 12:17:09-09-02 12:17:16 ByteDance, these monopolistic companies,<br>324/537 <font color=red>bg</font> 09-02 12:17:08-09-02 12:17:16 They are capital themselves.<br>325/537 <font color=red>n</font> 09-02 12:17:10-09-02 12:17:16 Also, the platform itself.<br>326/537 <font color=red>aaa</font> 09-02 12:17:12-09-02 12:17:16 They invest in new consumption areas.<br>327/537 <font color=red></font> 09-02 12:17:13-09-02 12:17:16 However, it is just expanding its market matrix.<br>328/537 <font color=red>hp</font> 09-02 12:17:15-09-02 12:17:16 The money finally burned, and it flowed back into my own poc...<br>329/537 <font color=red></font> 09-02 12:26:00-09-02 12:26:05 Success,<br>330/537 <font color=red>de</font> 09-02 12:17:16-09-02 12:17:25 I failed to expand my field of vision again.<br>331/537 <font color=red>bg</font> 09-02 12:17:17-09-02 12:17:25 I've earned all the money, too.<br>332/537 <font color=red>n</font> 09-02 12:17:20-09-02 12:17:25 What wouldn't be fun?<br>333/537 <font color=red></font> 09-02 12:17:21-09-02 12:17:25 Even companies like MCN that do live streaming,<br>334/537 <font color=red>hp</font> 09-02 12:17:23-09-02 12:17:25 These are also the most typical examples driven by capital i...<br>335/537 <font color=red></font> 09-02 12:17:25-09-02 12:17:37 The much-talked-about affair between former Alibaba CEO Jian...<br>336/537 <font color=red>bg</font> 09-02 12:18:09-09-02 12:18:17 Zhang Daiyi is an investor for companies like MNC.<br>337/537 <font color=red>n</font> 09-02 12:17:30-09-02 12:17:37 It's a new consumer brand created by Taobao itself.<br>338/537 <font color=red>aaa</font> 09-02 12:17:24-09-02 12:17:25 Spending money on streamers,<br>339/537 <font color=red>bg</font> 09-02 12:17:27-09-02 12:17:37 It's just a game of capital.<br>340/537 <font color=red></font> 09-02 12:17:31-09-02 12:17:37 Left hand down, right hand up.<br>341/537 <font color=red>aaa</font> 09-02 12:17:34-09-02 12:17:37 At this time, it is also necessary to apply a little bit of ...<br>342/537 <font color=red>de</font> 09-02 12:17:35-09-02 12:17:46 To wash the dirt off his father, Mr. Ali.<br>343/537 <font color=red>xss</font> 09-02 12:17:37-09-02 12:17:56 In the case of Jiang Fan and Zhang Dawei,<br>344/537 <font color=red></font> 09-02 12:17:41-09-02 12:17:46 Manipulating the wind and rain, controlling public opinion. ...<br>345/537 <font color=red>hp</font> 09-02 12:18:15-09-02 12:18:17 Pause for a week.<br>346/537 <font color=red></font> 09-02 12:18:11-09-02 12:18:17 The company Alibaba is also very magical.<br>347/537 <font color=red>bg</font> 09-02 12:17:38-09-02 12:17:46 Employee programming,<br>348/537 <font color=red>hp</font> 09-02 12:17:44-09-02 12:17:46 Employees can be fired for violating company values, even if...<br>349/537 <font color=red></font> 09-02 12:17:40-09-02 12:17:46 However,<br>350/537 <font color=red>aaa</font> 09-02 12:17:51-09-02 12:17:56 The CEO has been suspected of openly using and abusing his p...<br>351/537 <font color=red>aaa</font> 09-02 12:17:42-09-02 12:17:46 But he is still the most beloved person by Ma Yun.<br>352/537 <font color=red>n</font> 09-02 12:26:32-09-02 12:26:40 So everyone saw,<br>353/537 <font color=red></font> 09-02 12:17:46-09-02 12:17:56 Where does the money come from in this capital cycle game?<br>354/537 <font color=red>n</font> 09-02 12:17:45-09-02 12:17:46 Where to go?<br>355/537 <font color=red>bg</font> 09-02 12:17:48-09-02 12:17:56 Seemingly absurd,<br>356/537 <font color=red></font> 09-02 12:17:49-09-02 12:17:56 But this is actually the logic of capital.<br>357/537 <font color=red>hp</font> 09-02 12:17:52-09-02 12:17:56 Everyone passes the pork around,<br>358/537 <font color=red></font> 09-02 12:17:53-09-02 12:17:56 The last piece of pork came back intact.<br>359/537 <font color=red>n</font> 09-02 12:17:55-09-02 12:17:56 But everyone has a thick layer of oil on their hands.<br>360/537 <font color=red></font> 09-02 12:18:00-09-02 12:18:08 Three elite agents of the venture capital firm.<br>361/537 <font color=red>de</font> 09-02 12:17:56-09-02 12:18:08 So, don't listen to the brands blindly.<br>362/537 <font color=red>bg</font> 09-02 12:17:58-09-02 12:18:08 How much does it cost?<br>363/537 <font color=red></font> 09-02 12:17:59-09-02 12:18:08 How expensive are the channel fees?<br>364/537 <font color=red>hp</font> 09-02 12:18:03-09-02 12:18:08 I have to sell it at such a high price.<br>365/537 <font color=red>n</font> 09-02 12:18:05-09-02 12:18:08 Otherwise, it will result in losses.<br>366/537 <font color=red></font> 09-02 12:18:06-09-02 12:18:17 In fact, all the money came from capital itself.<br>367/537 <font color=red>n</font> 09-02 12:18:12-09-02 12:18:17 And everyone should distinguish one concept,<br>368/537 <font color=red>xss</font> 09-02 12:18:08-09-02 12:18:17 The company may be poor.<br>369/537 <font color=red>xss</font> 09-02 12:19:32-09-02 12:19:43 But capitalists are never poor.<br>370/537 <font color=red></font> 09-02 12:18:13-09-02 12:18:17 Whenever the topic of startups comes up,<br>371/537 <font color=red>aaa</font> 09-02 12:18:16-09-02 12:18:17 I want to buy a car from the "Car of the Year" award.<br>372/537 <font color=red>de</font> 09-02 12:18:17-09-02 12:18:28 A car startup project that was hyped up a few years ago has ...<br>373/537 <font color=red>hp</font> 09-02 12:19:20-09-02 12:19:23 That's what happens when you buy a Tesla.<br>374/537 <font color=red>n</font> 09-02 12:18:20-09-02 12:18:28 Then I modified the car a bit,<br>375/537 <font color=red></font> 09-02 12:18:48-09-02 12:19:00 Changed the appearance,<br>376/537 <font color=red></font> 09-02 12:18:21-09-02 12:18:28 The result was also discovered by experts.<br>377/537 <font color=red></font> 09-02 12:18:23-09-02 12:18:28 The modified windows won't open at all.<br>378/537 <font color=red>bg</font> 09-02 12:20:06-09-02 12:20:14 The CEO of Youxia Auto is a star in the entrepreneurial circ...<br>379/537 <font color=red>aaa</font> 09-02 12:18:24-09-02 12:18:28 Media University graduates don't look for jobs,<br>380/537 <font color=red></font> 09-02 12:18:26-09-02 12:18:38 Dedicated to entrepreneurship,<br>381/537 <font color=red>hp</font> 09-02 12:18:27-09-02 12:18:28 I've done about five or six projects so far.<br>382/537 <font color=red>xss</font> 09-02 12:18:28-09-02 12:18:38 No more than one year.<br>383/537 <font color=red>hp</font> 09-02 12:27:16-09-02 12:27:21 At that time, capital was hot.<br>384/537 <font color=red>bg</font> 09-02 12:18:30-09-02 12:18:38 Anyone can get hot money with a business plan.<br>385/537 <font color=red>hp</font> 09-02 12:18:35-09-02 12:18:38 Also known as the "p-r-c-p-t to v" pattern.<br>386/537 <font color=red></font> 09-02 12:18:31-09-02 12:18:38 This frequent entrepreneurship is usually related to the ven...<br>387/537 <font color=red>aaa</font> 09-02 12:18:37-09-02 12:18:38 Because the investment manager also needs to meet their KPIs...<br>388/537 <font color=red></font> 09-02 12:18:32-09-02 12:18:38 But you haven't spent any money,<br>389/537 <font color=red>n</font> 09-02 12:18:34-09-02 12:18:38 Have you not worked hard?<br>390/537 <font color=red>de</font> 09-02 12:18:38-09-02 12:18:49 Find a good project,<br>391/537 <font color=red></font> 09-02 12:18:41-09-02 12:18:49 Then, the management team was able to get their high salarie...<br>392/537 <font color=red>bg</font> 09-02 12:18:40-09-02 12:18:49 Reimburse breakfast,<br>393/537 <font color=red></font> 09-02 12:18:42-09-02 12:18:49 Lunch,<br>394/537 <font color=red>hp</font> 09-02 12:18:44-09-02 12:18:49 Dinner is over,<br>395/537 <font color=red>aaa</font> 09-02 12:18:45-09-02 12:18:49 Team building trips to Japan and Thailand,<br>396/537 <font color=red>n</font> 09-02 12:18:46-09-02 12:18:49 Then the company's balance sheet has been in a loss.<br>397/537 <font color=red></font> 09-02 12:18:54-09-02 12:19:00 So, if you use your own money to start a business, then you ...<br>398/537 <font color=red>xss</font> 09-02 12:18:49-09-02 12:19:00 You have the money from investors,<br>399/537 <font color=red>bg</font> 09-02 12:18:51-09-02 12:19:00 You are an outstanding agent.<br>400/537 <font color=red></font> 09-02 12:18:52-09-02 12:19:00 Of course not,<br>401/537 <font color=red>xss</font> 09-02 12:19:53-09-02 12:20:04 All elite agents are looking to fleece the capital,<br>402/537 <font color=red>aaa</font> 09-02 12:18:55-09-02 12:19:00 They are more like accomplices of capital.<br>403/537 <font color=red>n</font> 09-02 12:18:57-09-02 12:19:00 I'm giving this example,<br>404/537 <font color=red>hp</font> 09-02 12:18:58-09-02 12:19:00 I hope everyone will not sympathize with these people.<br>405/537 <font color=red></font> 09-02 12:19:05-09-02 12:19:12 Don't believe the inspiring stories they tell about struggli...<br>406/537 <font color=red>de</font> 09-02 12:19:00-09-02 12:19:12 Instead of being sad for these people,<br>407/537 <font color=red>bg</font> 09-02 12:19:02-09-02 12:19:12 Don't be so harsh,<br>408/537 <font color=red></font> 09-02 12:19:03-09-02 12:19:12 I accidentally bought a few ice creams for myself.<br>409/537 <font color=red>n</font> 09-02 12:19:06-09-02 12:19:12 Of course, it's still the same thing.<br>410/537 <font color=red></font> 09-02 12:19:08-09-02 12:19:12 no money,<br>411/537 <font color=red>aaa</font> 09-02 12:19:09-09-02 12:19:12 Bad eating habits.<br>412/537 <font color=red>bg</font> 09-02 12:19:13-09-02 12:19:23 Don't forget that old money can be so disgusting.<br>413/537 <font color=red>hp</font> 09-02 12:19:10-09-02 12:19:12 Mengniu and Yili ice cream is indeed cheap.<br>414/537 <font color=red>xss</font> 09-02 12:19:12-09-02 12:19:23 Because their supply chain costs are low,<br>415/537 <font color=red>aaa</font> 09-02 12:19:16-09-02 12:19:23 But don't forget the bad things these two companies have don...<br>416/537 <font color=red></font> 09-02 12:19:15-09-02 12:19:23 2008,<br>417/537 <font color=red></font> 09-02 12:19:17-09-02 12:19:23 The "Three-Way Affair" incident broke out,<br>418/537 <font color=red>de</font> 09-02 12:19:23-09-02 12:19:32 The final three are the ones who will be selected for the te...<br>419/537 <font color=red></font> 09-02 12:19:21-09-02 12:19:32 Mengniu and Yili are big but they can still fall.<br>420/537 <font color=red>bg</font> 09-02 12:19:24-09-02 12:19:32 According to Yao Tongshan, the former CFO of Mengniu,<br>421/537 <font color=red></font> 09-02 12:19:25-09-02 12:19:32 Mengniu's products sold in Hong Kong are the same as its exp...<br>422/537 <font color=red>hp</font> 09-02 12:19:27-09-02 12:19:32 Ensure that the products are of better quality and safer tha...<br>423/537 <font color=red>aaa</font> 09-02 12:20:00-09-02 12:20:04 This implies that...<br>424/537 <font color=red>bg</font> 09-02 12:19:34-09-02 12:19:43 Two exported products are better than domestic ones.<br>425/537 <font color=red></font> 09-02 12:19:28-09-02 12:19:32 Hong Kong is a high-end area.<br>426/537 <font color=red>n</font> 09-02 12:19:30-09-02 12:19:32 Enjoy the same treatment as foreigners.<br>427/537 <font color=red>aaa</font> 09-02 12:19:31-09-02 12:19:32 2019,<br>428/537 <font color=red></font> 09-02 12:19:35-09-02 12:19:43 Mr. Lu Minfang, CEO of Mengniu, said that<br>429/537 <font color=red></font> 09-02 12:19:37-09-02 12:19:43 In Hong Kong, China<br>430/537 <font color=red>hp</font> 09-02 12:19:38-09-02 12:19:43 The rapid development of the Singapore market,<br>431/537 <font color=red>aaa</font> 09-02 12:19:40-09-02 12:19:43 Because we always put our best products in these markets,<br>432/537 <font color=red>de</font> 09-02 12:21:27-09-02 12:21:31 Therefore, it changed people's perception of us.<br>433/537 <font color=red>n</font> 09-02 12:19:39-09-02 12:19:43 These videos are now all available online.<br>434/537 <font color=red></font> 09-02 12:19:42-09-02 12:19:53 Everyone can search for it,<br>435/537 <font color=red></font> 09-02 12:28:21-09-02 12:28:29 Just a reminder.<br>436/537 <font color=red>de</font> 09-02 12:19:43-09-02 12:19:53 Regarding Mengniu,<br>437/537 <font color=red>bg</font> 09-02 12:19:44-09-02 12:19:53 Ili's involvement in the double standard issue,<br>438/537 <font color=red></font> 09-02 12:19:46-09-02 12:19:53 There have been too many discussions online.<br>439/537 <font color=red>n</font> 09-02 12:19:49-09-02 12:19:53 No further explanation is needed here.<br>440/537 <font color=red></font> 09-02 12:19:47-09-02 12:19:53 There are also Dream Dragons.<br>441/537 <font color=red>hp</font> 09-02 12:19:50-09-02 12:19:53 European products and Chinese products use different formula...<br>442/537 <font color=red>aaa</font> 09-02 12:19:52-09-02 12:19:53 I suggest everyone to also learn about it.<br>443/537 <font color=red>bg</font> 09-02 12:19:54-09-02 12:20:04 It's hard to deal with a bad era.<br>444/537 <font color=red></font> 09-02 12:19:56-09-02 12:20:04 Fourth,<br>445/537 <font color=red></font> 09-02 12:19:57-09-02 12:20:04 Express dissatisfaction,<br>446/537 <font color=red>n</font> 09-02 12:19:59-09-02 12:20:04 Are consumers destined to be harmed?<br>447/537 <font color=red>hp</font> 09-02 12:20:01-09-02 12:20:04 No,<br>448/537 <font color=red>xss</font> 09-02 12:21:01-09-02 12:21:11 We still have the right to vote with our feet.<br>449/537 <font color=red></font> 09-02 12:20:07-09-02 12:20:14 We have the right to express our dissatisfaction with words.<br>450/537 <font color=red>de</font> 09-02 12:20:04-09-02 12:20:14 Therefore,<br>451/537 <font color=red>aaa</font> 09-02 12:20:28-09-02 12:20:33 Starting from last year,<br>452/537 <font color=red></font> 09-02 12:20:08-09-02 12:20:14 The public's questioning of Zhong Xuehao is significant.<br>453/537 <font color=red>n</font> 09-02 12:20:11-09-02 12:20:14 At that time, public opinion was concentrated in expressing ...<br>454/537 <font color=red>aaa</font> 09-02 12:20:10-09-02 12:20:14 High-priced flavors generally have no clear price tags.<br>455/537 <font color=red>n</font> 09-02 12:20:50-09-02 12:21:01 It has a very important meaning.<br>456/537 <font color=red>hp</font> 09-02 12:20:13-09-02 12:20:14 If consumers don't speak up,<br>457/537 <font color=red>xss</font> 09-02 12:20:14-09-02 12:20:33 Some people might think that everyone is used to expensive i...<br>458/537 <font color=red>bg</font> 09-02 12:20:15-09-02 12:20:25 At that time, even ice cream would inevitably increase its p...<br>459/537 <font color=red></font> 09-02 12:20:17-09-02 12:20:25 At that time, everyone couldn't afford to buy ice cream.<br>460/537 <font color=red></font> 09-02 12:20:18-09-02 12:20:25 This is not alarmist.<br>461/537 <font color=red>aaa</font> 09-02 12:20:20-09-02 12:20:25 Look at the current inner fish.<br>462/537 <font color=red>n</font> 09-02 12:20:21-09-02 12:20:25 Look at the trash dramas and declining talent shows that tho...<br>463/537 <font color=red>hp</font> 09-02 12:20:22-09-02 12:20:25 Some people say that if you think it's too expensive, then d...<br>464/537 <font color=red></font> 09-02 12:20:24-09-02 12:20:33 No, I won't cheat you for money.<br>465/537 <font color=red>de</font> 09-02 12:20:25-09-02 12:20:33 Why do you have to insult people online?<br>466/537 <font color=red></font> 09-02 12:20:26-09-02 12:20:33 But look at the phenomenon of rampant traffic stars, and you...<br>467/537 <font color=red>aaa</font> 09-02 12:20:36-09-02 12:20:41 The more traffic, the more fans, the more territory, and the...<br>468/537 <font color=red>bg</font> 09-02 12:20:29-09-02 12:20:41 The silent majority is ignored and overlooked.<br>469/537 <font color=red></font> 09-02 12:20:30-09-02 12:20:41 Ultimately, it led to the decline of the entertainment indus...<br>470/537 <font color=red></font> 09-02 12:20:35-09-02 12:20:41 For example, CCTV's first lesson of the new school year in 2...<br>471/537 <font color=red>hp</font> 09-02 12:22:07-09-02 12:22:10 Require all primary and secondary school students across the...<br>472/537 <font color=red>n</font> 09-02 12:20:32-09-02 12:20:33 The Ministry of Education even issued a red alert,<br>473/537 <font color=red>hp</font> 09-02 12:29:17-09-02 12:29:25 Endorsed by CCTV.<br>474/537 <font color=red>hp</font> 09-02 12:20:33-09-02 12:20:41 However,<br>475/537 <font color=red>n</font> 09-02 12:20:37-09-02 12:20:41 CCTV added a large number of advertisements and performances...<br>476/537 <font color=red>de</font> 09-02 12:20:39-09-02 12:20:50 At the same time, their performance was of no quality.<br>477/537 <font color=red></font> 09-02 12:20:40-09-02 12:20:50 This caused quite a stir.<br>478/537 <font color=red>xss</font> 09-02 12:20:41-09-02 12:20:50 However,<br>479/537 <font color=red>bg</font> 09-02 12:20:43-09-02 12:20:50 What's even more terrifying is,<br>480/537 <font color=red></font> 09-02 12:20:44-09-02 12:20:50 In the face of widespread controversy,<br>481/537 <font color=red>bg</font> 09-02 12:20:51-09-02 12:21:01 A CCTV producer posted a post on WeChat, angrily criticizing...<br>482/537 <font color=red>aaa</font> 09-02 12:20:45-09-02 12:20:50 First,<br>483/537 <font color=red></font> 09-02 12:20:47-09-02 12:20:50 Advertisement, what's going on?<br>484/537 <font color=red>hp</font> 09-02 12:20:48-09-02 12:20:50 The quality is so low.<br>485/537 <font color=red>aaa</font> 09-02 12:20:52-09-02 12:21:01 Second,<br>486/537 <font color=red>de</font> 09-02 12:20:54-09-02 12:21:01 Your children are just obsessed with these celebrities.<br>487/537 <font color=red></font> 09-02 12:20:55-09-02 12:21:01 Do you have any opinions?<br>488/537 <font color=red></font> 09-02 12:20:57-09-02 12:21:01 This is the most terrible thing.<br>489/537 <font color=red>hp</font> 09-02 12:21:49-09-02 12:21:50 They simply and bluntly thought that,<br>490/537 <font color=red>hp</font> 09-02 12:20:58-09-02 12:21:01 You young people like this.<br>491/537 <font color=red></font> 09-02 12:20:59-09-02 12:21:11 This straightforward and blunt assumption,<br>492/537 <font color=red>bg</font> 09-02 12:21:02-09-02 12:21:11 You young people shouldn't like this.<br>493/537 <font color=red>n</font> 09-02 12:21:04-09-02 12:21:11 These two are essentially the same.<br>494/537 <font color=red></font> 09-02 12:21:08-09-02 12:21:11 All are trapped in the error of idealism.<br>495/537 <font color=red></font> 09-02 12:21:05-09-02 12:21:11 Arrogance and prejudice stemming from wealth and power.<br>496/537 <font color=red>aaa</font> 09-02 12:21:30-09-02 12:21:31 These people, regardless of their arguments,<br>497/537 <font color=red>hp</font> 09-02 12:21:07-09-02 12:21:11 All are proud,<br>498/537 <font color=red>aaa</font> 09-02 12:21:09-09-02 12:21:11 From the heart, I believe this is for your benefit.<br>499/537 <font color=red>de</font> 09-02 12:21:11-09-02 12:21:22 Capital and power are arrogant on one hand,<br>500/537 <font color=red>bg</font> 09-02 12:21:12-09-02 12:21:22 On the other hand, normal voices are being covered up by cul...<br>501/537 <font color=red>n</font> 09-02 12:21:13-09-02 12:21:22 So,<br>502/537 <font color=red></font> 09-02 12:21:16-09-02 12:21:22 Some powerful figures who control resources believe that it ...<br>503/537 <font color=red></font> 09-02 12:21:20-09-02 12:21:40 Choosing to endorse a Volkswagen product for an event or par...<br>504/537 <font color=red>aaa</font> 09-02 12:21:18-09-02 12:21:22 It's a wise decision to cater to the preferences of young pe...<br>505/537 <font color=red></font> 09-02 12:21:15-09-02 12:21:22 Promoting mainstream culture is a necessary choice in young ...<br>506/537 <font color=red>hp</font> 09-02 12:21:19-09-02 12:21:22 The trend is becoming increasingly apparent now.<br>507/537 <font color=red>bg</font> 09-02 12:21:23-09-02 12:21:31 Therefore, I must speak on behalf of the many silent young p...<br>508/537 <font color=red></font> 09-02 12:21:25-09-02 12:21:31 We strongly dislike traffic stars.<br>509/537 <font color=red>xss</font> 09-02 12:21:22-09-02 12:21:31 We strongly object to,<br>510/537 <font color=red></font> 09-02 12:21:26-09-02 12:21:31 Celebrities without acting skills,<br>511/537 <font color=red>hp</font> 09-02 12:21:29-09-02 12:21:31 Appear in various movies and TV shows,<br>512/537 <font color=red>n</font> 09-02 12:21:31-09-02 12:21:41 We strongly object to,<br>513/537 <font color=red>bg</font> 09-02 12:21:33-09-02 12:21:41 A celebrity without singing skills has never won in any sing...<br>514/537 <font color=red></font> 09-02 12:21:36-09-02 12:21:41 We strongly condemn the cult-like fan circles of traffic sta...<br>515/537 <font color=red></font> 09-02 12:21:34-09-02 12:21:41 We do not publicly express any negative feelings towards tra...<br>516/537 <font color=red>hp</font> 09-02 12:23:09-09-02 12:23:20 Cult circles can do whatever they want.<br>517/537 <font color=red>aaa</font> 09-02 12:21:37-09-02 12:21:41 We do not express dissatisfaction with the endorsement of tr...<br>518/537 <font color=red>bg</font> 09-02 12:22:22-09-02 12:22:29 Let capital make everyone a slave.<br>519/537 <font color=red>hp</font> 09-02 12:21:38-09-02 12:21:41 We do not endorse the practice of traffic acting.<br>520/537 <font color=red>xss</font> 09-02 12:21:41-09-02 12:22:00 They will be able to enter the mainstream works,<br>521/537 <font color=red></font> 09-02 12:21:42-09-02 12:21:50 To defile history and great people with poor acting.<br>522/537 <font color=red>hp</font> 09-02 12:30:26-09-02 12:30:32 Consumer goods are no exception.<br>523/537 <font color=red>bg</font> 09-02 12:21:44-09-02 12:21:50 We will use overwhelming opposition,<br>524/537 <font color=red>n</font> 09-02 12:21:45-09-02 12:21:50 Let the capitalists who are trying to squeeze out profits,<br>525/537 <font color=red></font> 09-02 12:21:48-09-02 12:21:50 From lowest to highest price,<br>526/537 <font color=red></font> 09-02 12:21:46-09-02 12:21:50 Only one way out.<br>527/537 <font color=red></font> 09-02 12:21:53-09-02 12:22:00 Therefore, we must be courageous enough to break through con...<br>528/537 <font color=red>aaa</font> 09-02 12:21:50-09-02 12:22:00 The Emperor's New Clothes.<br>529/537 <font color=red>bg</font> 09-02 12:21:52-09-02 12:22:00 When everyone shouts,<br>530/537 <font color=red></font> 09-02 12:21:55-09-02 12:22:00 He's not worth that much money.<br>531/537 <font color=red>n</font> 09-02 12:22:47-09-02 12:22:49 That will break his symbolic value.<br>532/537 <font color=red>hp</font> 09-02 12:21:56-09-02 12:22:00 The height of the heel is a minor matter.<br>533/537 <font color=red>n</font> 09-02 12:21:58-09-02 12:22:00 The sudden drop in the price of Chinese shoes is a major eve...<br>534/537 <font color=red></font> 09-02 12:21:59-09-02 12:22:10 This video is over,<br>535/537 <font color=red>xss</font> 09-02 12:22:10-09-02 12:22:29 Thank you for watching, please like the text version. The or...<br>536/537 <font color=red>de</font> 09-02 12:22:00-09-02 12:22:10 I am Zhao Haoyang,<br>537/537 <font color=red>bg</font> 09-02 12:22:02-09-02 12:22:10 Welcome to follow me.<br>