Panda Life filed for bankruptcy, employees will pay compensation of half a month's salary. Some media even reported that Zhuang, the vice president who joined Panda Survival in the early years, has left Panda Survival. Zhang Juyuan, chief operating officer of Panda Survival, said at Panda Survival's employee team, Pan Da Kickwei, that he has arranged for the employment needs of many companies, including Headline, and PCG.
The microblogging user's "live point" received a message that also shows that all the benefits of the Panda Live company canceled, the suspension of temporary residence permits; Jinhua branch all disbanded, customer service staff on Monday all left, only to stay in the audit, leaving on the 15th. Jinhua branch WeChat group in the notice shows that "the company financing is indeed a problem, Shanghai/Beijing headquarters may be bankruptcy liquidation", Jinhua branch has started the employee cancellation process; in addition, Tiger Tooth Live began to Panda live group recruiting, the user also disclosed that "there are also a number of trade unions private letter that I owe them A lot of money, this afternoon someone went to the company to collect the debt".
A game anchor said bluntly, "surely will shut down, but the specific time has not been determined. Came to Panda not long, Panda has been in a state of arrears of wages, I work alone can not get money." Lao Zhang is Panda outdoor live broadcast of the top five anchors, have accompanied Panda through the last days of the title.
I'm gone is true, the former vice president of Panda Survival Zhuang responded to the resignation, leaving for a period of time. Zhuang was in charge of finance when he took office at Panda Live. He had actively seek funding for Panda Live, also expressed the attitude of "do my best, know the fate of God". Regarding this departure, he said, "After accomplishing people, I realized that fate is hard to go against." Sources say the server will be shut down on the 18th of this month, and its major shareholder Wang Sicong has already emptied his shares. By the 18th, Panda is officially bankrupt, at which time the app will be taken down.
Panda live broadcast, a live broadcast platform in Wang Sicong has its own gold sign, the birth of a time to the top of the list. At Chinajoy, Panda Live's booth was very popular. At first, Wang Sicong also endeavored to provide a platform for Panda Live. Since Wang Sicong entered the live broadcasting industry in a high profile, he quickly seized the market with his business background and brand influence.In May 2017, Panda Life announced the completion of a RMB 1 billion series B financing, valued at RMB 5 billion. Live broadcasting in 2016 to 2017 "window". After the emergence of short videos, the live broadcast industry began to be frequently questioned as "obsolete". Interest-oriented game live broadcasting is more humanized and less controversial, but the market size is also smaller.
However, in recent years, Panda Live has been exposed to the storm of the company's salary arrears and financing difficulties.In 2018, when talking about Panda Live, Wang Sicong had bluntly said, "This year is a difficult year for Panda." . The lack of a strong cash flow for the future development of panda live buried hidden dangers, making it in the competition "lack of strength". From the beginning of 2018, the panda "sister" Zhou returned to the fighting fish, NOW live anchor small maple nine returned to strangers, panda original platform anchor announced in microblogging jump ship. With the listing of Tiger Tooth and PCG one after another, Panda live was thrown farther and farther away.
Panda is not the first company to suffer a live broadcast winter. Previously, Yudu was caught in a storm of layoffs. Laid off branch registered body for the Douyu (Hong Kong) Limited, Shenzhen team employees were verbally informed of layoffs, did not receive any e-mail notification. In addition, with 60 million users of the netease mint also announced in December last year, netease mint full closure, and on December 31, full stop operation. Another "live + e-commerce" based live platform "potato mud" also announced the closure of the same time. In recent years, the mobile Internet industry has become a "window". Under the impetus of capital, a variety of Internet-based companies came into being. However, capital is profit-seeking. Once the window passes, the company that cannot make profit will be abandoned by the capital market, and it is difficult to solve its own financing problems. What awaits them is the fate of bankruptcy. So there is no way for Wang Sicong to save it.