Becoming Rich with Daily Scavenging APP-Chapter 380: Marte Bubble’s Popularity

Chen Yiyang listened to Gao Xuming talk for a long time and seemed to understand Gao Xuming’s concept a bit.

Crafted using ancient methods, gold jewelry, sold at a set price with limited quantities.

The overall strategy is somewhat like the golden tea that was popular in the South for a while.

It’s about using the concept of ancient brewing methods and master craftsmanship, driving up the price of a batch of tea first.

Finally, looking for opportunities to continuously offload to show the value preservation of these teas, ultimately selling at the same price level as gold.

Hence, it’s called golden tea.

Of course, these teas are ultimately just a marketing concept, and in the end, the promoters will cash out and leave, leaving a bunch of people holding the bag.

This model is simple, yet people fall for it every year.

Gao Xuming’s tactics are not much different from hyping up golden tea.

But compared to hyping tea, the cleverness here is that gold is a precious metal, and its value is globally recognized.

Gao Xuming plans to sell gold jewelry at four times its original price using promotional methods.

It sounds quite a lot.

But wealthy individuals don’t actually mind this premium.

Moreover, even if these gold jewelry pieces don’t gain market recognition and have to be resold in the secondary market.

They can still be sold at the price of the gold itself.

In terms of value preservation, they’re even more stable than those luxury brand bags.

"I’ve invested in the project. Have you thought of a name for the store yet?" 𝙛𝒓𝓮𝙚𝔀𝒆𝒃𝓷𝒐𝓿𝙚𝓵.𝙘𝒐𝒎

After listening to Gao Xuming’s plan, Chen Yiyang decided to invest in him, securing at least thirty percent of the shares.

If Gao Xuming manages well, this company should grow until it goes public.

The investment return should not be low then.

"The store name is already decided, planning to call it New Court Gold," Gao Xuming replied.

"Nice name," Chen Yiyang stood up and shook hands with Gao Xuming.

This signaled a formal confirmation of cooperation with Gao Xuming.

Chen Yiyang wouldn’t concern himself with the contract details; his assistant team would handle the negotiations with Gao Xuming.

After sending off Gao Xuming, it wasn’t long before Chen Yiyang welcomed another guest.

Yang Ning, the boss of Marte Bubble, a company Chen had invested in early on.

"I heard you’re busy with plans to go public. How come you found time to come to me?"

Chen Yiyang invited Yang Ning to sit down and chat.

"The company is going public, and even if you, as a major shareholder, don’t help, you should at least know why I’m here," Yang Ning complained a bit.

Chen Yiyang’s investment strategy has always been to throw in money and not manage affairs.

Only assigning someone to supervise, not interfering with operations.

This approach is generally seen as the perfect investor model by most entrepreneurs.

However, once the entrepreneur’s company shows promise, more troubles arise.

At this point, major shareholders need to use their network connections to help clear the way.

Yang Ning has encountered a problem this time.

"We are preparing for an IPO, and to boost investor confidence in Marte Bubble’s future prospects, we’re planning to open a direct store in Thailand."

"Why would you want to open a store in Thailand?" Chen Yiyang was a bit puzzled.

"Because our products are popular in Thailand," Yang Ning heard Chen Yiyang’s question and could only helplessly explain Marte Bubble’s current status in Southeast Asia.

"Recently, we launched a doll called Labubu, and it’s priced at ninety-nine RMB domestically.

Do you know how much this doll sells for in Thailand’s second-hand market?"

"Let me take a look at this Labubu doll first," Chen Yiyang wanted to see the appearance of this original doll before guessing its price in the secondary market.

Marte Bubble has been transitioning from making dolls licensed from classic Japanese IPs to signing artistic designers for original designs over a long period.

During this time, Marte Bubble’s revenue has been explosively growing every month.

Based on the latest monthly revenue estimates, Marte Bubble’s annual revenue might exceed 1.5 billion next year.

This is considered top level in the doll industry.

Moreover, Marte Bubble is now creating original dolls, avoiding expensive licensing fees, and keeping all profits.

Otherwise, Marte Bubble wouldn’t have the confidence to go public.

But Chen Yiyang doesn’t play blind boxes or buy dolls.

He only occasionally understands Marte Bubble’s current popularity through various financial reports and materials sent by Yang Ning.

So when Chen Yiyang received the tablet from Yang Ning to view Marte Bubble’s doll images, it was his first time seeing Marte Bubble’s latest product offerings.

Then.

He added a question mark in his mind.

Marte Bubble Labubu doll images.

This doll, it can’t be said to look bad, but it seems a bit different from what he generally perceives as beautiful.

If Chen Yiyang were to rate it, he’d say it has a kind of ugly-cute feel.

Of course, regardless of whether it’s for males or females, buying one to place at home or hang on a bag doesn’t seem out of place.

It’s the kind of doll that can be accepted by young and old alike, without being disliked.

Looking at the doll images as an outsider, Chen Yiyang thought for a moment and gave a price.

"In Thailand, could it sell for around 150 RMB?"

The reason Chen Yiyang guessed such a high price is that since Yang Ning said the doll is very popular in Southeast Asia.

Plus adding the shipping and delivery fees, a doll selling for ninety-nine RMB domestically could be priced at 150 RMB abroad seems quite reasonable.

"Too little," Yang Ning was quite proud to see Chen Yiyang guessed wrong, "This doll currently sells for over 400 RMB in Thailand at the moment, and if it’s a rare or limited edition, secondary market prices can reach over 700!"

"700 Baht?"

"RMB!"

Gasp.

Chen Yiyang took a sharp breath.

This is an original doll.

A doll selling for ninety-nine RMB domestically goes for over seven hundred in Thailand.

The profit is enormous.

No wonder Yang Ning wants to open a store in Thailand.

To verify Yang Ning’s words, Chen Yiyang took out his phone to search for relevant reports and news.

What’s unknown is that reality is even more exaggerated than Yang Ning described.

Because Marte Bubble is popular in Southeast Asia, especially Thailand and Vietnam.

This led to Marte Bubble’s largest and most complete product store in Shanghai being well-known among many Thais.

Thais with friends in Huaxia would ask their friends to buy Marte Bubble blind boxes from Shanghai’s store and mail them to Thailand.

Those without friends come directly by plane to Shanghai to shop for blind boxes themselves.

It only takes four hours to fly from Thailand to Shanghai, and due to visa-free travel and not high ticket prices.

Many Thais simply take a flight to Shanghai’s store to purchase Marte Bubble blind boxes.

These Thais only need to buy twenty extra Marte Bubble blind boxes besides what they need to sell, and the profit is enough to cover the airfare.