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Situation! Hornet's Nest to lay off 10% of staff, many departments may face dissolution

Science and technology Mr. April 28, recently reported that the media reported that received the news revealed by the internal on-the-job employees of the Hornet's Nest: the Hornet's Nest is in the process of layoffs, the number of layoffs accounted for 10% of the overall number of employees. It is reported that it is now HC below P7 all cut.

The media reported that the layoffs mean that many departments will be disbanded in this regard. Hornet's Nest said it would not respond to this for the time being. As for whether the layoffs will affect the listing plan of Hornet's Nest, Hornet's Nest has also not yet replied.

April 3, the Ministry of Industry and Information Technology website released the news that the hornet's nest was interviewed by three departments, and its website and mobile app store violated the provisions of the "Measures for the Administration of Internet Information Services" and violated the "nine disallowed" content did not do their duty to review and immediately stop transmitting the issue of severe criticism, put forward the The company's website and mobile app store violated the regulations of the Internet Information Service Administration and violated the "nine forbidden" content without fulfilling the obligation to review and immediately stop transmission.

In the interview, the three departments asked Hornet's Nest to improve its political position and political sensitivity, raise its legal awareness, and submit a written rectification report within a week. At the same time, Hornet's Nest was asked to conduct a comprehensive verification of all data on the website and APP.

Regarding the reason why Hornet's Nest was interviewed by the three departments, some self-publishing media reported that it was either due to the content related to countries that have not established diplomatic relations appearing in its platform travelogues.

Ma Honeycomb responded at the time, saying that it will follow the requirements of the regulatory authorities to comprehensively investigate the problems, immediately carry out rectification, and learn from the past to improve the internal management and audit process.

Public information shows that in October 2011, the hornet's nest to complete the 5 million U.S. dollars in A round of financing, the investor for today's capital; in April 2013, to complete the 15 million U.S. dollars in B round of financing, the investor for today's capital, Qiming Venture Capital; March 2015, to complete the C round of financing, the investor for the high level of capital, Coatue, CoBuilder, Qiming Venture Capital; in November 2017, the company obtained $133 million in Series D financing, which was invested by Ocean Link, Pan-Atlantic Capital Group (General Atlantic), Temasek, YuanTi Evergreen Fund, and Huper Fund***, and followed by today's capital, Qiming Capital, and GaoTai Capital.

The company's investment in the company was made in the form of an investment in the company.

Its official website information shows that Hornet's Nest was founded in 2006, providing information and product booking services on transportation, hotels, attractions, dining, shopping, car use, local fun, etc. for 60,000 tourist destinations around the world.

In August 2018, a foreign media report said that Hornet's Nest proposed to raise $300 million in a new round of financing. The news said that in this round of financing of $300 million, Hornet's Nest will be valued at $2 to $2.5 billion. In response, Hornet's Nest said it would not comment.