Wang Xin, founder of Shenzhen Kuaibo Technology Co., Ltd. (hereinafter referred to as "Quabo") who wrote "I put down the world, but never let you down" on Weibo, the industry has already expected to start a business after his comeback. thing. After three and a half years of jail, he was once out of the focus of the technology circle.
Recently, Kuaibo was filed for bankruptcy liquidation because it owed more than 10 million yuan to Shenzhen Golden Asia Pacific Technology Co., Ltd. (hereinafter referred to as "Gold Asia Pacific Technology"). In February 2018, Shenzhen Yunge Artificial Intelligence Technology Co., Ltd. (hereinafter referred to as "Yuge Artificial Intelligence") in which Wang Xin holds 91.50% of the shares was established.
Once broken, Wang Xin's direction of starting a business has also become the focus of attention from the outside world.
Yunge Artificial Intelligence, currently at the helm of Wang Xin, responded to the reporter of China Business News that the company believes that the two technologies of artificial intelligence and blockchain have the possibility of subverting the current lifestyle and will choose to work in these two areas.
Previously, based on the fast broadcast P2P (point-to-point Internet technology) technology and business nature in the industry, it was speculated that Yunge's artificial intelligence might become a pan-entertainment platform with blockchain technology as its core. Yunge artificial intelligence did not deny it, and responded for the first time that “the value brought by blockchain is far beyond the financial sector. It will have application scenarios in many aspects such as culture and entertainment, agriculture, and social management.â€
The commonality of P2P technology and blockchain technology adopted by Kuaibo, the capital blessing, and the help of insiders have made Wang Xin's re-enterprise a lot of expectations from the outside world. However, in the context of multiple factors such as the immature underlying technology of the blockchain and the limited application scenarios, the industry believes that whether Wang Xin, who has embarked on a new journey, can create the future is still unknown.
Second battlefield
Wang Xin's re-enterprise is still very low-key, and the location is selected in an office on the fifth floor of Kingdee Software Park, Nanshan District, Shenzhen.
There are rumors about Yunge artificial intelligence or exploring the field of blockchain and artificial intelligence. This speculation does have some basis.
In addition to the company’s recruitment of blockchain and artificial intelligence technicians visible on the recruitment website, Wang Xin mentioned “P2P+ Blockchain+AIâ€, “Internet of Everything, the Ledger of Everythingâ€, “Text, Picture,†in his Weibo in March 2018. "Video, audio, rich media" and other key information.
It is reported that the blockchain network protocol currently uses the P2P transmission protocol, and the fast broadcast technology stack is also the P2P technology. This technology uses users’ idle broadband instead of clustering on a few servers, so that the video will not appear due to The network speed is slow and the playback freezes.
"At present, the company's main layout in the field of artificial intelligence is in the application layer market. In terms of blockchain, it is mainly hoped to promote the implementation of blockchain technology and the healthy development of the industry. Related products are still being developed." A person in charge of the company said , The company currently does not consider extending to the field of virtual currency based on blockchain technology.
Wang Xin's re-enterprise layout is bigger than outsiders expected. This reporter noticed that when Wang Xin’s wife Peng Peng became the legal representative and general manager of Yunge’s artificial intelligence, she also served as the legal representative of Beijing Lingge Technology Co., Ltd. (hereinafter referred to as "Lingge Technology"). General manager. The Lingge Technology was established on August 27, 2018. In terms of business, Lingge Technology and Yunge Artificial Intelligence both involve information technology services.
"Lingge Technology, a Beijing company, was established to better absorb talents and expand the market." Yunge Artificial Intelligence responded to this reporter's statement.
Our reporter learned that Yunge Artificial Intelligence is currently dominated by R&D personnel at its Shenzhen headquarters, with a scale of around 150 people. With the introduction of products, the company will recruit market operations personnel, which also means that the scale of the Shenzhen headquarters will further expand. At present, the company has completed an angel round financing of US$30 million from Bertelsmann Asia Investment Fund and IDG Capital.
Draw a clear border with the past
When it comes to Wang Xin, who has created a new battlefield for blockchain and artificial intelligence, it is difficult to bypass the fast broadcast.
In the Web2.0 era of network development, network video grew savagely, and the player-oriented fast broadcast was established on December 26, 2007. Benefiting from the smooth QMV technology, high compatibility, and P2P technology of streaming and on-demand, fast streaming has won the favor of users. Public information shows that, at its peak, the number of fast broadcast users was between 400 million and 500 million. At that time, this user volume was equivalent to the sum of the user volume of LeTV, Tudou, Baofengyingyin and other video users. According to a report from Caijing, Kuaibo began to make a profit in 2009, and its operating income reached 100 million yuan in 2011.
Wang Xin has long been aware of the risks of the expansion of fast broadcast users. He has emphasized on several occasions that "Quickcast only does technology, not content", and Quickcast does not participate in the monetization of video sites and the share of advertisements. Instead, it relies on pop-up ads when the player is turned on, and the distribution of intermodal games. , Software bundling promotion, etc. to obtain income. This deliberate avoidance of content revenues that are within easy reach, and a strong rejection of a series of behaviors defined as content producers or content providers, is considered to be a concentrated manifestation of Wang Xin's avoidance of the risk of fast broadcasting being identified as disseminating obscene information.
But this is not enough to completely separate the connection between the player and the content. It is reported that Kuaibo was reported on April 22, 2014 that it was suspected of spreading obscene information. On September 13, 2016, Kuaibo was sentenced for spreading obscene materials for profit. Wang Xin was sentenced to 3 years and 6 months in prison, a fine of 1 million yuan, and Kuanbo was fined 10 million yuan. At this point, Wang Xin and Kuaibo have faded out of public view.
Today, when iQiyi, Youku, and Tencent Video dominate the first echelon of domestic video, Kuaibo is rarely mentioned. Recently, a piece of information published by the National Bankruptcy Reorganization Case Information Network brought it back to the public eye.
According to the disclosed information, the mediation statement of the Shenzhen Nanshan District People's Court confirmed that Kuaibo owed about 9.74 million yuan in payment to Asia Pacific Technology and 300,000 yuan in interest on overdue payments. Golden Asia Pacific Technology applied for bankruptcy liquidation of Kuaibo on the grounds that Kuaibo could not pay off its due debts. In an interview with our reporter, Golden Asia Pacific Technology introduced that the matter is being processed.
Kuaibo's arrears is much more than that. According to Tianyan Check, Kuaibo has more than 30 lawsuits involving fund transfers since April 2014. And Wang Xin withdrew from the fast broadcast on July 12 this year.
In an interview with our reporter, Yunge Artificial Intelligence stated that in 2014, there was a sudden incident, and Kuaibo still had 130 million yuan in cash on its books, and the flow of funds was positive. After Wang Xin was arrested, his account has been frozen, and Kuaibo took the initiative to request employees and suppliers to file lawsuits and obtain compensation through legal means.
According to Wang Zhibin of Shanghai Minglun Law Firm, Kuaibo is a limited liability company. If Wang Xin and other shareholders previously provided debt guarantees for Kuaibo, the shareholders shall bear the guarantee responsibility; otherwise, the company’s debts will be paid by the company with all its own assets. External responsibility has nothing to do with shareholders.
"Although Yunge Artificial Intelligence is a company controlled by Wang Xin, it has nothing to do with Kuaibo's debt." Wang Zhibin continued that at most shareholders such as Wang Xin have a secured connection with Kuaibo's debt.
Yunge Artificial Intelligence also told our reporter that Kuaibo employees received N+1 compensation through labor arbitration in 2017. Now applying for bankruptcy is also hoping to repay the supplier's debts through bankruptcy liquidation. After paying these fees, the remaining funds will pay an administrative penalty of 260 million yuan from the Shenzhen Municipal Market Supervision Administration.
Where to go?
Wang Xin, who was released from prison in February 2018, chose to start over with Yunge artificial intelligence. This has been assisted by many people in the Internet industry.
According to Tianyan Check, Wu Ming is the former general manager of the fast broadcast business unit; He Xiaopeng was the co-founder of UC Youshi and is now the chairman of Xiaopeng Motors. In addition to continuous successful entrepreneurship in the Internet, education and other fields, Dai Keying is still 58. Yao Jinbo's wife and sister of Liepin.com founder Dai Kebin; Wang Yu is the chairman of Zhuhai Daren Network Technology Co., Ltd. and Zhuhai Qingqiang Interactive Technology Co., Ltd. The above-mentioned people all have different degrees of holdings in Yunge Artificial Intelligence.
Li Shu, general manager of Chongqing Taide Caichuang Technology Co., Ltd., who is also based on the underlying technology of the blockchain for video and other cultural and entertainment businesses, expressed optimism about Wang Xin's layout in the blockchain. "On the one hand, the application of blockchain technology to video and other entertainment fields can enable users to access video and other entertainment information from traditional centralized servers to distributed fast access, thereby subverting the existing entertainment product production and storage. On the other hand, ICO based on blockchain technology can lower the investment and financing threshold of cultural and entertainment projects and promote the growth of the cultural and entertainment industry." Li Shu said.
However, several interviewees also said that the overall entrepreneurial prospects of the blockchain are still hard to be optimistic. One of the evidence in this regard is the increase in financing difficulty.
Li Shu revealed that due to the tightening of capital flows, the concentration of resources to the top blockchain companies, and the downward shift of token valuations, the financing of the blockchain field will be limited in 2018 as a whole. "Especially for small projects, the financing process has been greatly affected." Li Shu continued that the blockchain video project he operated was still sought after by capital in 2017 and is now also plagued by shortage of funds.
"The blockchain technology itself is not mature enough. Performance is the biggest obstacle to the development and large-scale application of distributed ledger technology. Take the more mature Bitcoin blockchain as an example, now it can only do 7 transactions per second, which is very It is difficult to meet the demands of traditional financial institutions for large-scale commercial use.†Wang Jie, head of Shenzhen Far East Virtual Currency Mining, who is engaged in blockchain financial application scenarios, said that the shortcomings of blockchain technology directly restrict individual enterprises to explore the application of blockchain technology. As a result, there are fewer application scenarios for blockchain.
However, Yunge artificial intelligence, which has capital, technology, and talent blessing, first chooses the underlying technology of the blockchain as a breakthrough, and then launches solutions based on specific application scenarios. The technological exploration sequence is still expected by the outside world.
"For start-up companies, this kind of technology path will help the efficient development of blockchain business." Xue Hongyan, director of the Internet Finance Center of Suning Financial Research Institute, continued that the financing progress after the angel round of financing is more constrained by the product The prospect of commercialization of the company, which also means new challenges for Yunge artificial intelligence.
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