Since October last year, Jiang Zhixiang, the chairman of Share Communications Group Co., Ltd., has been running for arrears of 164 million yuan. At the moment, although it has not really gone bankrupt, the outside world has already hanged the title of "Martyrdom" under the name of him and his company.
The sharing communication operated by Jiang Zhixiang is currently mired in the quagmire of arrears and the stalemate of shareholder relations. If you can't settle the arrears with the basic operator before the end of the month, the company's more than 1 million active users will face the fate of being transferred.
On December 26, 2013, sharing communication was one of the early virtual operators in China that had emerged and launched a mobile resale business. It was awarded the pilot qualification granted by the Ministry of Industry and Information Technology, and nine other companies were granted qualifications. Three months later, the first user of the Chinese virtual operator was born to share communications.
The so-called virtual operator (hereinafter referred to as "virtual business") refers to the contractual use of a part of the communication network from the basic telecommunications operators (China Mobile, China Unicom, China Telecom, the three basic operators) that own the mobile network. Its own billing system, customer service number, marketing and management system to sell communications service operators to consumers.
Three years ago, the concept of virtual business was new to the Chinese communications industry. However, in August 2016, several telecom fraud cases that triggered social turmoil pushed the virtual merchants who operated the mobile signal segment to the forefront, and sharing communications was the dilemma of the collapse of the virtual business itself.
Unsuccessful fateAt 6 pm on May 4, 2017, Jiang Zhixiang sent a report to the Economic Observer reporter that he was already in Las Vegas. When he went to the United States, Jiang Zhixiang did not tell the reporter. He explained that the purpose of this trip was to solve the problem of sharing funds for communication. In the dialogue with the reporters, Jiang Zhixiang still dismissed the two shareholders who had already fallen into a stalemate as "barbarians."
The second shareholder of Jiang Zhixiang’s mouth is Jia Shusen. According to industry and commerce data, the registered capital of shared communication is 55,928,200 yuan, of which Jiang Zhixiang holds 51% of the shares, Tianrun Weiye holds 49% of the shares, and Tianrun Weiye's registered shareholders are only Jia Shusen. In 2014, the original shareholder of the sharing communication withdrew, Jia Shusen invested 70 million yuan to invest, of which 50 million yuan was paid to the original shareholder and 20 million yuan was invested in the company. However, according to the agreement of the time, Jiang Zhixiang's transfer of equity must be approved by Jia Shusen, and Jia Shusen is free to transfer the equity.
In October 2016, the first temporary shareholders meeting of the sharing communication was notified. The company urgently needed to pay arrears of about 164 million yuan, including the three major operators' arrears of 130 million yuan, the card settlement amount of 15 million yuan, and the retreat. The refund of the partner of Henan is 7 million yuan, the salary of the employee is 10 million yuan, and the individual owes about 2 million yuan. Since then, in order to still owe money, Jiang Zhixiang raised funds in various ways, and proposed several plans to increase capital and expand shares. Both of them had differences with Jia Shusen. At the same time, Jia Shusen refused to come forward to further discuss.
Insiders pointed out that the company's initial expansion of business scale does have to burn money, the entire industry to be profitable in the short term is difficult to achieve, but not to make money does not mean bankruptcy, the bankruptcy crisis of sharing communications should be attributed to its own operations Not good.
On May 4th, the sharing communication was located in the office building of Beiwu Innovation Park outside the Fourth Ring Road in northwest Beijing. The office area at this time is as calm as ever. When I get off work, there are not many employees who leave the company. The front desk staff told the Economic Observer that there are only about 100 people left in the company. Before that, the number of employees was still around 300. Many people left the company after the company fell into a crisis of capital chain break. If you do not leave, you will continue to work normally.
On May 3, according to the news of the operator World Network, if the sharing communication could not settle the arrears with China Unicom by the 5th of this month, the Ministry of Industry and Information Technology would auction up its 1 million active users to other virtual companies.
According to the "Telecom Business License Management Measures" (Order No. 5 of the Ministry of Industry and Information Technology), after the license is revoked, revoked or cancelled, if the user is involved in the aftermath, the business undertaker may be designated by tender.
In March 2017, the sharing of communications was bursting out of a debt crisis of 164 million yuan. During the period, there was also a dispute with the company's two shareholders. The two sides directly led to the company's business stagnation, and hundreds of employees were owed wages for four months.
Some people hang the bargaining banner in front of the company. The staff of a company working in the park witnessed the scene. He told reporters that the debt dispute even shocked the police.
It is understood that among the debts involved in sharing communications, the three basic operators (China Unicom, China Mobile, and Telecom) are the main creditors, accounting for about 130 million yuan. Among them, China Unicom is the largest creditor.
In fact, as early as December last year, the company’s capital chain problem has begun to emerge. Some users began to reflect the frequent failures of communications, such as downtime, and the rumors that the sharing communication was about to go bankrupt ended at this time.
According to previous reports, on February 7 this year, a letter of inquiry from the Information and Communication Development Department of the Ministry of Industry and Information Technology was sent to the Sharing Communications Group. The letter labeled "U- urgent" indicates that China Unicom has been overdue before this. For payment items, write to the Communication Group and send a copy to the Ministry of Industry and Information Technology. On January 26, the Information and Communication Development Department of the Ministry of Industry and Information Technology discussed about this matter, Jiang Zhixiang, the legal representative and chairman of the Sharing Communications Group, and made clear requirements for protecting the legitimate rights and interests of users. The sharing communication group is required to include relevant plans: stop developing new users, stop selling paper cards, issue announcements to the society and users, and user after-care solutions, and submit written feedback to the Ministry of Information and Communication Development Department of the Ministry of Industry and Information Technology before February 8.
On March 7, the sharing communication held a press conference to explain the debt problem to the outside world and said that the company is functioning normally. In the following two months, Jiang Zhixiang has been appeasing employees. At the same time, solving the problem of arrears of the three major operators is also a problem that sharing communication cannot be avoided.
On May 4th, in the office building where the communication was shared, an administrative officer told the Economic Observer that the wages of the employees who had been owed had been reissued for a large part. Previously, the company had proposed several plans for wages, including debt-for-equity swaps, but it was not adopted at the end.
darkness before dawn?Jiang Zhixiang does not want the company to fall on the eve of the official license is expected to be issued. "The company must increase its capital and expand its shares," he told the Economic Observer in a brief overseas message. Obviously, Jiang Zhixiang hopes to survive the crisis and wait for a day to get a formal license. If it falls at this time, for him, it means that the struggles of the past three years will fall short.
In December 2013, in order to further promote the competition in the mobile communication market, the Ministry of Industry and Information Technology issued the first batch of pilot approvals for mobile communication resale business, including a total of 10 virtual businesses sharing communications to obtain relevant qualifications. Since then, the Ministry of Industry and Information Technology has issued four batches of licenses, and a total of 41 virtual operators have since opened the road to private mobile communications operations.
Beginning in 2014, the pilot virtual business began to introduce formal commercial brands and business services to the market. As of the end of April 2017, the number of users of virtual operators has reached nearly 50 million.
The virtual merchants are looking forward to waiting for the issuance of the official license. "There is no official license now, the whole industry is rather embarrassing, and everyone can't see the future. In fact, the official license is a 'fixed sea god' for the industry. With it, everyone dares to invest heavily, and capital cooperation will only be there. The possibility of further advancement. At the current pilot stage, the policy is unclear and the price is not ideal. There are not many companies who dare to let go." An industry insider told the Economic Observer.
Hope seems to be coming, and the authorities have already voiced. On April 26, 2017, at the press conference held by the Information Office of the State Council, Zheng Lixin, spokesperson of the Ministry of Industry and Information Technology and Director of the Operation Monitoring and Coordination Bureau, said: "(There will be a formal commercial opinion on the timely re-sale of mobile resale business, further Expand the pilot scope of broadband access network services and stimulate the competitiveness of the market."
However, in the eyes of the industry, when to issue a formal license, it is also based on the overall development of the industry. Sharing the outbreak of communication incidents is obviously an unfavorable signal to the issuance of licenses.
Before the debt crisis, the recharge business of sharing communications has always maintained the highest strength in the industry - the first-level agent recharge is less than 20% discount. However, there has been no way to crack down on the phenomenon of “zero-upside-down†in the virtual business (ie, the wholesale price is higher than the retail price).
At present, the number of users sharing communications is more than 6 million, of which more than 1 million are active users. Previously, he has been focusing on the mobile resale business and is a leading company in the industry in terms of developing users. According to the reporter's understanding, some of the pilot virtual businesses that share the same communication, but have not yet carried out substantive business.
Sharing the tight financial situation of communications is not a case in the industry. In fact, there are several other companies that have been expiring the settlement fees of the basic operators in the past year.
An industry expert told the Economic Observer that the problem of “zero-upside down†has long been puzzled and business innovation has nowhere to go. The ARPU (average revenue per user) value continues to be low, which is a common problem faced by more than 40 companies that carry out mobile resale business. At the same time, the implementation of the real-name system is not in place, causing the virtual business to become the hardest hit area for communication fraud, and the phenomenon of being difficult to name in the mind of consumers has not been resolved.
"Unlike sharing communication, most virtual operators do not use mobile resale as their main business, but other businesses operate at the same time or operate in bundles, which can tolerate temporary losses. Sharing communication will resell business as its main business. No other business can transfuse blood.†The staff who shared the communication told the Economic Observer.
On May 5th, a senior agent close to the sharing communication told the Economic Observer that on the afternoon of May 4th, the sharing communication and the China Unicom settled 40 million yuan in arrears, and China Unicom said that it would not conduct users for the time being. Recycling, auctioning or conversion, but requiring sharing communications to settle the arrears by the end of May.
The time left for Jiang Zhixiang is only 20 days. No matter this threshold, leaving him and his colleagues will be another problem, and it must be overcome.
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