Xiaobawang issued a statement that he was not bankrupt, what kind of misunderstanding was there in t

Xiaobawang company was established in 1987, engaged in the development, research, production and sales of educational electronic products, has laid a good foundation for China's children to learn related computer knowledge, Xiaobawang company in the late eighties of the last century, nineties launched a series of game consoles, learning machine products. And these products were all the rage in those days. Xiaobawang has also become the childhood memory of many post-80s and post-90s.

But with the continuous development of software and hardware, FC game consoles have almost disappeared from us, and Xiaobawang has gradually faded out of people's field of vision. <>

But with the recent news of "Xiaobawang filing for bankruptcy", the name Xiaobawang has once again returned to people's field of vision. It has made people pay attention to Xiaobawang again. <>

On November 10, entrusted by the owner of the "Xiaobawang" brand, Guangdong Yihua Group Investment **** (hereinafter referred to as "Guangdong Yihua") issued a statement on the official ** of Xiaobawang, saying that Xiaobawang, which was recently "filed for bankruptcy", is actually Xiaobawang Cultural Development **** (hereinafter referred to as "Xiaobawang Culture"), which is the developer of VR products operated by a third party that has cooperated with Xiaobawang, and is not related to the "Xiaobawang" brand or products. According to reports, Xiaobawang Culture was filed for bankruptcy reorganization, and the applicant is Yin Xiaoyun.

The reason for this situation is that Xiaobawang has carried out VR and other game-related businesses in recent years, and has given other project companies "Xiaobawang" the trade name to produce and operate game consoles, VR equipment and other products. However, "Xiaobawang Cultural Development" and Xiaobawang have stopped cooperating in early 2019 and now have no connection with the "Xiaobawang" brand or products.

In fact, Xiaobawang has been trying to make efforts in the game console industry in recent years, for example, Xiaobawang has launched a game console that claims to surpass PS4 in performance, and is also entering the game VR market, but in the end it failed to cause any waves. The era of "Little Overlord has endless fun" seems to have become a thing of the past. <

The bankrupt company is only a VR product development and production enterprise that used to cooperate with Xiaobawang's third-party operation cooperation, and now it has nothing to do with Xiaobawang. Netizens' worries can be understood, after all, they are good memories of childhood.

**Taken out of context, it's just that Xiaobawang's performance has not been good in the recent period, so he spread rumors that others are going bankrupt.

In order to attract attention, Xiaobawang's development culture is abbreviated as Xiaobawang, in fact, the former has nothing to do with Xiaobawang.

Xiaobawang is not bankrupt, but they are also on the verge of bankruptcy, they are now in the stage of self-help, if there is no new capital injection, they should be bankrupt, they were misunderstood for bankruptcy, mainly because the performance in recent years has been too poor.

Xiaobawang game console is the memory of many post-90s children, and Xiaobawang issued a statement that it is not bankrupt, perhaps because of hype or other reasons, or it is really a misunderstanding.

Some time ago, according to ** reports, "Xiaobawang Cultural Development****" was filed for bankruptcy reorganization, the applicant is Yin Xiaoyun, the company's legal person Feng Baolun has been listed as a restricted high-consumption person, the report came out, many netizens who don't know the truth have said, "Ye Qing knot!" ”。Regarding this report, Xiaobawang's official website also made a statement, pointing out that the company that was filed for bankruptcy reorganization has nothing to do with Xiaobawang now, but the company has previously cooperated with Xiaobawang on the project, but in the end, the project did not meet everyone's requirements and expectations, so it has nothing to do with Xiaobawang now.

However, because of this incident, Xiaobawang has returned to people's field of vision, evoking many memories of the post-80s and post-90s.

<> now Xiaobawang company will still produce game consoles and educational electronic products, but now the products have been greatly upgraded, children's early education machines, tablet computers, e-books, etc. are in production and operation, but now the game console can not return to the original household name almost everyone has a time, now the game is diverse, and now everyone's copyright awareness is very high, so Xiaobawang's game has gradually faded out of people's field of vision.

In addition to the production of game consoles and early education machines such as educational electronic products, in fact, Xiaobawang company also produces kitchen appliances and household appliances such as induction cookers, electric pressure cookers, rice cookers, electric kettles, juicers, water dispensers, gas water heaters, electric water heaters, electric heaters, electric fans, razors, hair dryers, electronic mosquito killers, electric mosquito coils, electric liquid mosquito coils, electric mosquito swatters, chargers, flashlights, radios, etc. There are also insiders who broke the news that Xiaobawang has also produced mobile phones, and people who may not pay special attention to this company will not believe that in fact, Xiaobawang produces such a variety of things.

Although I am a post-00s, I am no stranger to Xiaobawang, so I don't think this company will go bankrupt, after all, it has been in business for so many years, and the production field involved is also very wide, if you incorporate some innovative things, maybe it will reoccupy the market.

Xiaobawang is still continuing to produce the original game consoles, audio-visual products and educational products, as well as increasing the production of kitchen appliances and household appliances.

The production still includes the original educational products, kitchen utensils and household appliances. It's just that we don't know and. There are quite a lot of variety.

Xiaobawang may not be very familiar with today's teenagers, but for the post-80s and 90s, it is an indispensable memory of childhood. But according to official information, on November 9, Xiaobawang filed for bankruptcy reorganization. Although Xiaobawang officials did not give a specific reason, according to the grapevine, it was said that it was because Xiaobawang enterprises were involved in a lot of judicial cases, and the disputes over equity investment funds were also relatively serious, so they had no choice but to apply for bankruptcy and reorganization.

1. Xiaobawang was favored in the nineties. In the nineties, Xiaobawang can be said to be favored by many people, when people's entertainment methods were relatively simple, and Xiaobawang game consoles have successfully become one of the ways of entertainment for a generation. But with the advancement of time and the development of science and technology, the Xiaobawang game console is not very popular, because more and more new products have appeared, replacing the position of the Xiaobawang game console.

But Xiaobawang also knows how to open up its own market and enter the market of a series of electronic products such as repeaters.

Second, Xiaobawang caused disputes. Although Xiaobawang is ready to change careers and announced its official return to the console market in 2018, it has not been very successful. In 2019, Xiaobawang was involved in as many as 98 judicial cases, the most of which was the dispute over equity investment funds, which not only had to bear legal responsibility, but also the legal representative of Xiaobawang was also restricted from consumption.

Although Xiaobawang has been selected as the executor many times, there are so many judicial disputes, Xiaobawang can only apply for bankruptcy and reorganization.

3. Bankruptcy and reorganization is the best choice for Xiaobawang. Although Xiaobawang changed his strategy and tactics to a certain extent, he still failed. The failure of a business is not terrible, but Xiaobawang has fallen into economic disputes, which is why such a serious problem will occur.

Xiaobawang Company has made a clear reply, saying that it is to investigate the corresponding legal responsibility, and hopes that Xiaobawang can perfectly solve the judicial dispute, do a good job of internal adjustment, and return to our sight as soon as possible.

For many post-80s, it must be a very happy thing to have a Xiaobawang learning machine or game console when they were young, Xiaobawang is definitely a very important part of the childhood memories of the post-80s, unfortunately, Xiaobawang also declared bankruptcy, for the news of Xiaobawang's bankruptcy, I believe many people are not shocked, and the reason for its bankruptcy is also foreshadowed, let's take a look.

1.The founders are leaving, and the product positioning is confused.

In the 90s, the annual output value of Xiaobawang can exceed 1 billion yuan, all of which are inseparable from the founder of Xiaobawang Duan Yongping, and later Duan Yongping left Xiaobawang and took away his own team, which made Xiaobawang very angry. The lack of core leaders and the lack of their own accurate positioning have led to the development of their own industries in various industries, and even their game console industry has lost its competitiveness.

2.The product is easy to be imitated and too competitive.

The game machine itself is to imitate foreign game machines, when the game console rose abroad, many keen Chinese manufacturers began to imitate, Xiaobawang is one of them, and has achieved great success, but there are more and more products of the same type on the market, many products are more attractive than Xiaobawang, and at this time, Xiaobawang is facing the failure of new product development, the original product can not keep up with the pace of upgrading, and gradually loses its competitiveness.

3.The advent of the Internet era has caused a huge impact.

With the development of science and technology, the society has entered the Internet era, high-tech products such as computers and mobile phones are becoming more and more popular, and the traditional game consoles have been greatly impacted, and slowly come to the brink of elimination.

The main reason for the bankruptcy of Xiaobawang is because the product has not kept up with the times. In the earliest days, Xiaobawang used to be popular all over the country. It has disappeared for so many years because its products have not been updated and have lost their competitiveness.

The main reason is definitely that it has not kept up with the development of the times and the development of science and technology, and the innovation of software and products has led to its bankruptcy, and the secondary reason seems to be that there are problems among the shareholders of the company.

Xiaobawang game machine should be the memories of many people when they were young, maybe now there are more and more electronic products, and the game competition is getting bigger and bigger, Xiaobawang is still staying in the original game, the innovation is not high, and other products have no bright spots, and it will slowly go bankrupt.

Because Xiaobawang has not innovated and changed, it has been left behind by the trend of the times, which eventually leads to bankruptcy.

On January 7, 2020, Chen Jianren, the owner of Yihua Department Store, the owner of Xiaobawang, stepped down as the chairman of the company and was replaced by Feng Baolun. Now Chen Jianren has also fallen into a crisis in the capital chain, the shopping mall is changing rapidly, and Xiaobawang has not caught up with the trend of the times after all.

For those who like to play games, they must have heard of "Little Overlord", and many people have its company in their childhood. But a message suddenly appeared on the Internet, saying that "Xiaobawang filed for bankruptcy". The news spread more and more widely, and many people thought that the brand was not working.

After that, the brand official came out to prove that bankruptcy was a non-existent thing, and the application was only a cooperative company. Since the other party did not complete the corresponding requirements, the cooperation was stopped long ago.

1. The news of Xiaobawang's collapse is now reported by many people, saying that there is a company called "Xiaobawang Cultural Development ****", which has been filed for bankruptcy. So more and more ** began to publicize, resulting in this matter being known to many people. In fact, this company is not the "Xiaobawang" we know, it has only cooperated with the "Xiaobawang" brand, and it has severed relations as early as 2019.

It's just that there are a lot of "title parties" now, and it seems that the real "Little Overlord" is going out of business. And such false news has also brought a lot of losses to the real little overlord.

2. Xiaobawang's official statement In order to prevent such news from continuing to circulate, Xiaobawang officially issued a statement. Publicly stated that the company reported on ** was only a former third-party operation partnership with itself. The cooperation is in the direction of VR products, but the other party has not been listed according to the brand's expectations, and the cooperation was stopped as early as 2019.

At the same time, all kinds of ** are required not to spread similar news. After all, Xiaobawang itself is a big business, and spreading such news all the time will have a great impact on their development. It is said that now the major projects of the brand have suffered significant losses.

3. The title party has always been a common problem now, and many officials do not seek the truth, and start making up stories with one sentence. I have gotten traffic, but this behavior has brought significant losses to other people or companies. I hope that in the future, it will become more and more strict, so that the "title party" will gradually disappear from the Internet.

It is because one of the third-party companies of Xiaobawang declared bankruptcy, and people thought that Xiaobawang's entire enterprise was bankrupt, and now Xiaobawang announced that he was not actually bankrupt, but only the name of a third-party company, also called Xiaobawang declared bankruptcy.

Xiaobawang issued a statement saying that Xiaobawang cultural development **** has nothing to do with the "Xiaobawang" brand, this company has only produced the partner's products for Xiaobawang, and they have stopped cooperating in 2019, and now they have no relationship.