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Best World
20-08-2017, 09:56 PM, (This post was last modified: 20-08-2017, 09:58 PM by chialc88. Edit Reason: <not vested> )
Post: #701
Rainbow  禁止多层计酬和网络直销, 只能按照直销员本人直接向最终消费者销售产品的收入计算, 下
Thanks weijian.
Indeed, we all had a great weekend.
The birds still chirping happily and the cool wind make me fresh.

The rule is clear:
禁止多层计酬和网络直销,
直销企业支付给直销员的报酬只能按照直销员本人直接向最终消费者销售产品的收入计算,
而以“下线的销售业绩为依据计算和给付上线报酬”则被列为被禁止的传销行为。

How is it possible that BestWorld achieve such a fantastic result in China without using 多层计酬?

The leading question is:
Without 多层计酬, how successful will be BestWorld in China?

And, the follow up question is:
With Direct Selling license, will BestWorld be able to achieve a result as good as current (not say better lar)?

My instinct tells me that Dora/Doreen/HBC had taken their eyes off DS license,
for obvious reason.


    




Dora/Doreen/HBC ,I just felt that instead of spending time on popping up share price and financial engineering,
why not work closer with China export team?
Get the DS center setup asap;
Be proactive, given such an excellent opportunity,
Make full use of these critical 3 months and do the right things.

When there is a mistake, let there be truth.

Keep it up!
宝贝 加油! 用心生活.
感恩

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Yesterday, 11:01 AM,
Post: #702
RE: Best World
Excerpts from Maybank Kim Eng report
https://www.nextinsight.net/story-archiv...maybank-ke

Analyst: John Cheong

BEST’s share price has underperformed peers

Since the Bloomberg news article on 15 Aug 2016, the share prices of all three US-listed direct selling companies featured in the article have declined notably: Herbalife (-6%), Nu Skin (-8%) and Usana (-4%). However, BEST’s share price decline of 19% is higher.

This could be due to higher dependency of BEST on China where c.50% of sales are from China vs Herbalife (19%), Nu Skin (36%) and Usana (4%).

[Image: huangbanchin3.15c.jpg]

Chief operating officer Huang Ban Chin. NextInsight file photo
[size=undefined]Q&A with management

[/size]1. What is the impact from the Chinese government’s crackdown on pyramid schemes on your China operations?
We do not expect any impact as our business is not a pyramid scheme. We highlighted in our response to the Bloomberg article the distinctions between a pyramid scheme and direct selling.

Moreover, we are still operating under an export model and have notified the local authorities of all of our activities. More importantly, the crackdown should not impact licensed direct sellers who are running their business in a proper manner. The campaign aims to crack down on the illegal investment-related schemes and recruitment websites.

2. Will you consider delaying the conversion of your current export business model into direct selling model? What are the key differences between both models?
We will not delay the conversion process. The key difference between the two models is accounting recognition of revenue and commissions. However, there will be minimal earnings impact.

For the business operations, there will also be minimal impact. The reason why we spent so much time and resources to secure the direct selling licence in China is to raise our profile and to prevent regulatory issues as we are a direct-selling company outside of China. Our key success factor in China is our product strength.

3. What are your plans to regain investors’ confidence, after the major correction in your share price?
For starters, the company, founders and directors have bought back shares in the open market since the share price correction.

Also, we will be writing to the World Federation of Direct Selling Association to request it to issue a clarification that China’s crackdown is aimed at pyramid schemes, and not the licensed direct sellers. More importantly, we will continue to deliver a consistent set of results, particularly for our China operations.


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

Not vested.

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