Chinese company to lose rs 35 crores after 40000 washing machines ordered in 20 minutes -lattestnews24

A Chinese company that makes washing machines, ‘Little Swan Dongshan Franchise Shop’, has been duped! Actually, the company messed up the pricing of washing machines, which could lead to a loss of 30 million Yuan i.e. about Rs. 35 crores. A report in the South China Morning Post says that an employee made a mistake. He put the wrong label on some washing machines. That label was of pricing, which reduced the price considerably. Due to low pricing, the sales of washing machines increased.

The special thing is that the company has apologized for its mistake and has requested the customers to cancel their orders. If this is not done, there could be a loss of about Rs 35 crore.

According to the report, this incident happened on the evening of 28 August. The company received more than 40 thousand orders online in just 20 minutes. As soon as people came to know that the price of washing machines has come down considerably, people rushed to buy them.

Little Swan is quite popular in China. When people saw low prices of washing machines online, they started placing orders rapidly. It is being said that the pricing got messed up due to a mistake of an employee of the company. If people do not cancel their orders, it may have to suffer losses.

If the online orders were delivered, the company would suffer a loss of 30 million yuan. In fact, the total value of washing machine orders was around 70 million yuan, while customers paid only 40 million yuan. It is being told that a washing machine which was worth 1699 yuan was sold to the customers for 299 yuan. Another machine worth 2499 yuan was ordered by people for 439 yuan.

As soon as the company admitted its mistake, many customers cancelled their orders. However, it is not yet clear how many customers cancelled their orders later and how many orders were delivered at a lower price.