Comments by "☨St Louis IX opposed paganism, hæresy \x26 debauchery" (@stlouisix3) on "Live Streaming Sellers Are Crying: 99% Of Goods Sold on 11.11 Returned! The Worst Shopping Festival" video.

  1. High Return Rate of 99% Leaves Live Streaming Sellers in Tears as Double 11 Sales Event in China Witnesses Decline in Consumer Spending 📉 A livestreamer known as 'Little Sheep' gained attention for his staggering 99% return rate of products sold during the Double 11 sales event in China. 00:18 Little Sheep's livestream had a 99% return rate of products sold during the Double 11 sales event. 00:18 Little Sheep's livestream gained attention and he was jokingly referred to as the 'champion of sale returns'. 00:32 Chicken feet snacks were a popular product promoted by Little Sheep, but had a high return rate. 01:11 The total amount refunded reached 180 million yen, with chicken feet returns accounting for 160 million yen. 01:18 Little Sheep's livestream followers engaged in a unique form of interaction, using investment terminology to describe their actions. 02:07 Products often sold out quickly but were promptly returned under the claim of 'short selling'. 03:08 The livestream sparked lively discussions and playful comments among viewers. 03:29 📺 A financial blogger turned live streamer, Little Sheep, experienced a surge in sales but also a high return rate of over 99% for the products sold. 03:43 Little Sheep's live stream featured the ALfenga gaming chair, which generated sales of 20 million yen. 03:43 Little Sheep's followers started requesting refunds, resulting in a return rate of over 99% and a refund amount of over 100 million yen. 05:12 Despite the high return rate, Little Sheep's popularity and follower count increased significantly. 06:02 Most of Little Sheep's followers participated for entertainment rather than serious purchasing. 06:29 Both Little Sheep and the merchants faced substantial losses due to the high return rates. 06:36 The merchants had to bear the costs associated with returns, including shipping, handling, and product loss. 07:12 The phenomenon of high return rates is not unique to Little Sheep's live stream. 07:20 📺 China's leading live stream sales host, Lee Jai, reportedly generated over 25 billion yen during this year's Double 11 shopping festival, but rumors of high returns and competition from jd.com have caused controversy. 07:44 Lee Jai faced 6 billion yen in returns due to dissatisfied customers engaging in a cycle of buying and returning products in his live stream. 07:44 Lee Jai's accusations of copyright infringement against jd.com led to a response from the platform, aggressively competing with lower prices and giveaways to mock him. 08:24 Many viewers switched to jd.com for better deals, causing a significant number of returns for Lee Jai. 08:50 Lii's team denied the reported revenue of 25 billion yen, stating that the figures were completely fabricated and inaccurate. 09:26 Lii's sales on the first day of last year's Double 11 pre-sale reached 21.5 billion yen, but this year it decreased by more than 50% to 9.5 billion yen. 09:50 The denial from Lee Jai's team comes amidst increased scrutiny of wealth accumulation in China and his previous controversies. 10:17 Lee Jai faced financial challenges, including a tax evasion scandal and suspension, and received backlash for promoting a domestic brand during a live stream. 10:48 😡 Viewers expressed anger over a commentator's remarks mocking the poor and highlighting the lack of opportunities for young people in China. 11:23 Commentator's remarks sparked outrage and led to a loss of followers. 11:23 Critics pointed out that wages had not increased despite rising costs. 11:30 Online shop owners also experienced a surge in returns during the shopping festival. 12:09 Many participating merchants suffered losses during the festival. 13:06 Major e-commerce platforms declared growth but did not disclose specific figures. 14:04 📉 The total sales during the Double 11 shopping festival in China this year were significantly lower than previous years, indicating a decline in consumer spending. 15:00 Sales volume of parcels this year was 639 million, down from 696 million in 2021 and 675 million in 2020. 15:00 Chinese media sources reported that the total sales across all platforms during the festival amounted to 77 billion yuan, far less than Taobao's 500 billion yuan turnover last year. 15:53 Turnover on e-commerce platforms this year dropped by over 70% compared to last year. 16:21 Consumers are no longer easily fooled by price tactics and are resisting price hikes. 16:38 There is a growing anti-consumerism trend and a lack of disposable income among consumers. 16:54 The Double 11 shopping festival has lost its purpose and people are wise to the tricks. 17:04 There is a call to stop deceiving consumers and drop the act of the festival. 17:13
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