It was an illegal pyramid scheme conducted by Weida Company using the trademark of Wawa Ha, and Zong Qinghou, who was Wahaha, had no idea about it. In May 22, Wahaha and Beijing Saizhi Biological Products Co., Ltd. signed the Trademark License Contract, and Weida Company is the distribution company of Saizhi, which also means that this company can use the trademark of Wahaha at will. When this Weida company uses the Wahaha trademark for pyramid schemes and fraud activities, it will naturally implicate Zong Qinghou, the representative of Wahaha Company.

This incident was first reported by Qingliu Studio. This Weida company has attracted more than 3, participants by using the brand effect of Wahaha, and has also converted 2 million original shares into 4, Hong Kong dollars through backdoor. Although the suspects have been controlled by the relevant police, what should be done about the membership fees of the 3, ordinary people, and what should be done by the shareholders who bought the equity of Weida Company? They will naturally point their finger at Wahaha Company in order to safeguard their own interests, which led to the news that Zong Qinghou was suspected of original stock fraud as soon as the final report came out. Although Wahaha has issued a clarification statement on September 4, the brand effect of Wahaha will definitely be severely hit after this incident.

Now that things have happened, we should learn some lessons from this incident. A big enterprise like Wow Haha, if it cooperates with other companies, it should know all kinds of situations of the other company, and only after various analysis and discussions can it lend the trademark to the other party for use, instead of smashing the brand influence it has been operating for many years for money. Besides, wow, haha, in the face of so many people being cheated, its first choice is to get rid of responsibility, which makes me a little angry and helpless. As a big enterprise, it should have a sense of social responsibility first, and then it should be honest, otherwise such an enterprise will not last long.

I hope Wahaha Group can handle this matter well and give a satisfactory answer to many victims.