Due to tens of millions of service fees owed to Telecom, employees have not been paid for a long time. Former executives have teamed up with the first generation internet celebrity "Live Selling" to raise 3 million yuan to restart Tianya

Tech 2023-05-19 13:32:11 Source: Network

Edited by: Li Zedong, Sun ZhichengThe Tianya community has been inaccessible for nearly a month, and many netizens are feeling sorry, saying that Tianya may have to "say goodbye" this time.According to a report by Pengpai News on May 18th, on May 15th, Song Zheng, former executive editor in chief of Tianya Community, stated that,First generation internet celebrity live streaming charity saleOriginator: Employee has not been paid for a long timeSong Zheng said that the reason for initiating this action is,It is a salvation of youth for us old netizens who do not want the ends of the earth to disappear silently

Edited by: Li Zedong, Sun Zhicheng

The Tianya community has been inaccessible for nearly a month, and many netizens are feeling sorry, saying that Tianya may have to "say goodbye" this time.

According to a report by Pengpai News on May 18th, on May 15th, Song Zheng, former executive editor in chief of Tianya Community, stated that,

First generation internet celebrity live streaming charity saleOriginator: Employee has not been paid for a long time

Song Zheng said that the reason for initiating this action is,It is a salvation of youth for us old netizens who do not want the ends of the earth to disappear silently.

After obtaining the official authorization from Tianya, Song Zheng first invited some early Tianya netizens and former Tianya employees separately, quickly formed a project team, and then launched an initiative in the WeChat group, which immediately received a warm response.

Li Qianmo, known as one of the "first generation internet celebrities", voluntarily requested to serve as the female host for the entire live broadcast charity sale.She told reporters that she became famous on Tianya around 2000 and was one of the earliest "internet celebrities" in China. But since around 2005, she hasn't been going to Tianya much. Although the time spent in Tianya was not long and the breakup was not pleasant, Li Qianmo was still full of emotions towards Tianya.

Li Qianmo Image source: Video screenshot

Xing Ming, founder and legal representative of Tianya Community, stated that Tianya indeed has some "liquidity (financial) difficulties", coupled with transformation issues such as technology upgrades and data reconstruction, which led to this shutdown. Regarding the "Restart Tianya" charity sale, Xing Ming said that it has a traditional style of Tianya, which is "touching and comforting".

Regarding the current situation at Tianya, Song Zheng said, "Due to a previous lawsuit, both assets and funds have been frozen,The company is currently in a difficult situation, with employees who have not been paid for a long time, and currently there are only about twenty to thirty employees. The reason for this shutdown is that we owe Hainan Telecom a service fee for a long time, and it is said that the amount has reached tens of millions.Hainan Telecom also communicated with Tianya many times and had to stop in the end Song Zheng said that the shutdown at the end of last year was also the reason, but after communication with Hainan Telecom, including the intervention of the Hainan Provincial Government, it was able to temporarily recover.

Image source: Visual China VCG111358227178

Netizens set off a "wave of mourning" on social media platforms

On April 1st, the official Weibo account of Tianya Community announced that there will be technological upgrades and data refactoring in the near future, during which the platform will not be accessible. "Please be patient, everyone.

Meanwhile, netizens found that the official website of Tianya Community could no longer be opened, and the relevant page displayed "Unable to access this website".

Although the official website cannot be opened, the official Weibo account of Tianya Community is still actively "operating". Netizens left messages asking, "Tianya Community can't open anymore, what's going on

As of press release, the official Weibo account of Tianya Community has not released any statement on this matter.

After discovering that the Tianya community could not be opened normally, netizens set off a "mourning wave" on social media platforms: Tianya has closed, it is so close that we will never see each other again.

As one of the earliest online forums, the strong community atmosphere of Tianya Community has made many netizens feel reluctant to part with the website. When the news of Tianya Community's closure spread again, it also caused collective nostalgia among netizens.

However, in addition to memories, some senior users also hope that the Tianya community can handle a large number of posts properly, provide related export functions, and even be willing to pay for it.

Due to the deteriorating business situationPreviously, there have been multiple reports of shutdownhearsay

As one of the most influential communities in the era of China's Internet BBS (Internet Forum), Tianya Community carries too many memories of netizens, which is why its every move has attracted attention.

Previously, there have been multiple reports of shutdownhearsay

The most recent incident was at the end of November 2022, when Tianya Community was exposed to have been shut down due to several days of network failures. But Tianya Community has refuted this, claiming that the malfunction has been fixed by the technical team, and claiming that certain articles circulating online have misled the public and had a negative impact on Tianya Community's reputation.

According to public information, Tianya Community was founded in 1999 and is a global Chinese online community platform under Tianya Community Network Technology Co., Ltd,Not only is it the birthplace of well-known novels such as "Ghost Blows the Lamp" and "Ming Dynasty Things", but it has also made many internet celebrities famous.The platform covers over 200 million high-quality users every month, with over 85 million registered users. It has a strong popularity, cultural experience, and interactive original content generated by a high loyalty and high-quality user base of over ten million.

In August 2015, Tianya Community Network Technology Co., Ltd. was listed on the New Third Board, with over 700 employees at that time.

In March 2015, the registered users of Tianya Community exceeded 100 million, and the total revenue of Tianya Community also climbed to a peak of 173 million yuan that year. However, from 2013 to 2016, losses continued, with a cumulative loss of over 100 million yuan over the past four years.

During the listing period on the New Third Board, Tianya Community has experienced issues such as declining revenue, sustained losses, and negative cash flow. In 2016, Tianya Community implemented an additional issuance, with plans to raise funds ranging from 54 million yuan to 210 million yuan. But Tianya Community, without fulfilling the filing procedures, used some of the subscription funds of the subscription objects in advance to pay employee salaries, telecommunications custody fees, fiber optic fees, etc.

Tianya Community announced in April 2018 that it plans to apply for delisting on the New Third Board based on the company's business development needs and long-term strategic development plan, as well as considering the maintenance costs of listing and the introduction of valuation by subsequent investment institutions. The listing was officially terminated in April 2019.

On April 17, 2019, Tianya Community publicly announced that the delisting was voluntarily applied for by the company. After delisting, the company will seize the opportunity in the Chinese capital market under the trend of registration system and officially launch an IPO plan. After laying out technological innovation and upgrading business models on social platforms, the company will actively prepare for the Science and Technology Innovation Board and seek better development.

According to Qixinbao, risk information shows that,At present, the company has 6 information of executed persons, with a cumulative executed target exceeding 146 million yuan.

Meanwhile, Xing Ming, the founder of Tianya Community, has 96 restrictions on consumption.

edit|Li Zedong, Sun Zhicheng, Du Bo

Proofreading|Lu Xiangyong

Daily Economic News Comprehensive Surge News, Tianya Community Official Blog, Securities Times E Company, Tianya Community Official Website, Public Information

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