Best World

[Value Explorer81]

Thanks Value Explorer81, Millionfaith and others who have shared your experiences on MLM/DS.

Adding to Value Explorer81's post on 传销 vs 直销, the following was stated on page 8 of Nuskin 2016 Annual Report :

Mainland China Business Model
....... We have structured our business model in Mainland China based on several factors: the guidance we have received from government officials, our interpretation of applicable regulations, our understanding of the practices of other international direct selling companies operating in Mainland China, and our understanding as to how regulators are interpreting and enforcing the regulations ........

IMO, the regulations seem to be subjected to interpretations.

Vested in BW, but not in Nuskin or MLM/DS

Your welcome dreamybear.

To add on to my earlier posts, different countries have some slight differences in the laws on how they govern Direct Selling companies. Best World has a good track record so far and i am confident that the management will seek guidance from Chinese government officials if they need to, to structure their compensation plan and other business practices to run a lawful and upright business in Mainland China. What gives me even more confidence is also Best World COO stepping up to send an announcement clarifying the issue that the announcement released on the SAIC website is targetted at 传销，pyramid schemes or ponzi schemes, not the licensed one like Best World. https://www.facebook.com/SharesInv/video...203848736/

We know in our hearts that if a company is running a legitimate business that adds value to its customers and society, it can continue to thrive even in tough economic conditions. All the best to all Best World shareholders and Best World management.