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Original title: From wanting to go public to filing for bankruptcy, “national game console” Xiaobawang finally became “old Lai”!
November 9, nationwidecompanyAccording to the bankruptcy reorganization case information network, recently, XiaobawangcultureLimited developmentthe company(Hereinafter “Xiaobawang Culture”) filed for bankruptcy and reorganization. The applicant was Yin Xiaoyun. The case number was (2020) Yue 20 Poshen No. 131. The court was the Intermediate People’s Court of Zhongshan City, Guangdong Province.
The Nandu reporter tried to dial Xiaobawang Culture’s phone number to verify the bankruptcy information, but the phone number he left behind is used by other companies.
I ran after the message appearedSinaHot search, many netizens in the comment area said “you are no longer young”, “buy a game console before bankruptcy, so that you have a full year” …
Xiaobawang was declared bankrupt and his legal representative was restricted!
According to the information in the bankruptcy application, Yin Xiaoyun is the applicant. Prior to this, Yin Xiaoyun sued Cultura Xiaobawang and his threeshareholder, The amount involved is 340,200 yuan, but Xiaobawang did not comply with the current law within the specified periodInstrumentThe payment obligation confirmed, the case became the final case on October 22, that is, there are really no assets available for execution.
This is not an isolated case. Since March of this year, the court has listed Xiaobawang Culture as a person to be imposed or even dishonest. Xiaobawang Culture and its legal representative, Feng Baolun, have been listed by the court as high-spending restricted personnel.
Xiaobawang Culture is reported to be jointly owned by Guangdong Yihua Department Store Co., Ltd. (hereinafter “Yihua Department Store”), Zhongshan Weixin Real Estate Co., Ltd. and Chen Shiguo. On January 7, this year, Chen Jianren, the “golden master” behind Xiaobawang and owner of Yihua department store, resigned as chairman of Xiaobawang culture, and Feng Baolun took office.Executive Director,manager. On the same day, the legal representative of the company was also changed to Feng Baolun.
According to the China Compliance Information Disclosure Network, as of November 6, Xiaobawang Culture has a total of 33 executor records, with a compliance amount of nearly 20 million yuan. It should be noted that, with the exception of the two cases revealed on November 6, the rest of the executed cases gradually became final cases around October.
In fact, since 2019, Xiaobawang Culture has been involved in up to a hundred court cases, of which several equity cases have been involved.investmentLi Qingqing’s case attracted attention and involved the inclusion of the Xiaobawang culture.
The First People’s Court of Zhongshan City, Guangdong Province (2019) Yue 2071 Minchu No. 15689 The ruling shows that on January 9, 2017, Li Qingqing and Xiaobawang Culture signed a participation agreement and paid an investment of 150,000 yuan . The agreement stipulated, If Xiaobawang Culture does not meet the listing expectations, Xiaobawang Culture will refund the principal plus interest.
In mid-2018, Li Qingqing asked Xiaobawang Culture about the listing situation. At the time, the director of the company, Fang Hongqi, stated that the company could not operate the listing and suggested that it request a refund. But since then, Li Qingqing’s refund has not been resolved. In early 2019, Li Qingqing learned that the Xiaobawang Culture office was empty, and a large number of units and individuals who invested similarly in buying Xiaobawang Culture shares have come to ask for refunds. Some A civil lawsuit was filed.
In the end, the court ruled that the participation agreement signed between Li Qingqing and Xiaobawang Culture should be canceled. At the same time, Xiaobawang Culture must return the subscription payment of 150,000 yuan and interest to Li Qingqing.
As early as May last year, the Xiaobawang Shanghai game consoleteamIt was revealed that it was disbanded on May 10, the main reason reportedly being due to funding constraints. Game hardware previously released by XiaobawangproductIt has not been able to go on sale for a long time, and investors are pessimistic about the project’s progress and cannot support the continued advancement of the Xiaobawang game console project. To this, Xiaobawang CEO Wu Song once replied: Only the Shanghai office is closed, the project is still there and is now very sensitive.
It’s only been three years from the IPO to the Shanghai office closing, lawsuits and bankruptcy.
The highlight of “Little Overlord”
Xiaobawang game console is the memory of many generations after the 80s and after the 90s in the same year.
Little overlordBrandIt was built in 1987. Yihua GroupGeneral ManagerChen Jianren invited Duan Yongping to take over a group companyfactory, The international game at that timemarketIn the end, Nintendo is enjoying great success.
In 1983, the first “red and white machine” Family Computer in Nintendo history was born, and a large number of game fans became obsessed with this cassette-based video game platform. “Red and White Machine” was a great success. At its peak, sales of “red and white phones” were higher than the combined revenues of all television stations in the United States.
Duan yongpingborrowAt that time, Nintendo entered the electronic game console market and created the “Xiao Bawang” brand. In June 1991, Duan Yongping spent 400,000 yuan to broadcast the first episode on CCTV.Prize salesactiveadvertising, Launched the Little Bawang contest “Own a little Bawang, play ten thousand thousand”, and the Little Bawang game console quickly ranked first in the market.
Three years later, when the gaming market gradually became saturated, Duan Yongping turned to machine learning and invited Jackie Chan to be the spokesperson. The ad slogan “I am equal to the parents of the world, I hope my son becomes a dragon” has made Xiaobawang a household name. In 1995, Xiaobawang’s annual income soared to a billion, and Duan Yongping reportedly gaveworkerOur end of the yearDividendsThey used newspapers to pack cash and only a dozen stacks of newspapers were used. In Xiaobawang’s climactic moment, Duan Yongping left with the backbone of the team.
The departure of basic staff andThe InternetWith the advent of time, Xiaobawang quickly faded and gradually went downhill and expanded to other electronic products such as home appliances. Xiaobawang also thought about the transformation.
On December 25, 2013, Xiaobawang announced that it would work with Ali’s TVOS to jointly launch a home game console equipped with Ali TVOS, and enter a variety of somatosensory games under its own copyright on the Ali TVOS platform; in March 2016, Xiaobawang Overlord and game chipproviderAMD signedstrategyAgreement, cooperation to customize the virtual reality host chip, move to virtual realityNew industryIn August 2018, Xiaobawang launched the “Z + New Gaming Computer” in an attempt to return to the game console market, but there was no great impact.
Today, China’s game market is controlled by several of the major Internet companies, mobile games occupy the mainstream of the market, and the host market is invaded by switches, etc. Surviving in the cracks is not easy, and “youthful sentiment” may not be able to help the little gentleman who is caught up in lawsuits and on the brink of bankruptcy. It takes the position of the old “national game console”.
(Source: Southern Metropolis Daily)
(Editor in charge: DF537)
I solemnly declare: The purpose of this information disclosed by Oriental Fortune.com is to spread more information and has nothing to do with this booth.
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