Squirrel Ai now has a number of property preservation rulings and equity freezes

Economic Observation Network reporter Ye Xinran Recently, the risk information related to squirrel Ai has increased significantly.

On January 17, According to tianyancha information, Shanghai Squirrel Classroom Artificial Intelligence Technology Co., Ltd. (hereinafter referred to as "Squirrel Ai"), as the executor, the 196,100 yuan equity of Shanghai Onlly Education Investment Consulting Co., Ltd. held by it was frozen by the Shanghai Xuhui District People's Court; in December 2021, the equity of many of its subsidiaries was frozen to varying degrees.

At the same time, on January 10, Squirrel Ai added enforcement information from the Xuhui District People's Court, and the subject of the execution was 265,100 yuan. On January 20, a new hearing announcement was added on the cause of the franchise contract dispute.

In addition, since October 2021, there have been a number of property preservation rulings of Squirrel Ai on the judgment document network, and many bank deposits under Squirrel Ai have been frozen. Since December 2021, there have been nine rulings in which bank deposits have been frozen or property of equivalent value seized.

Is there a problem with the operation of Squirrel Ai Company? The reporter called multiple service hotlines of Squirrel Ai, none of which were answered, and there was an exclusive customer service phone prompting that the service had been suspended.

However, on the 11th of this month, Squirrel Ai also held an online conference to release a number of new smart hardware products, including smart learning machines Y1, X1, flagship V11 plus and zhixue pen N10.

Moreover, in October 2021, Squirrel Ai just completed a new round of financing, when Squirrel Ai revealed that the next round of financing has been halfway through.

According to the official introduction of Squirrel Ai, Squirrel Ai is the earliest artificial intelligence education brand that applied artificial intelligence adaptive learning technology in the field of K12 primary and secondary school education in China, and its characteristic advantage is that students can detect knowledge weaknesses using squirrel Ai intelligent adaptation system, as well as ultra-nano-scale splitting of knowledge points in the discipline.

However, the technology of analyzing the weak points of knowledge has been questioned by parents and people who claim to be franchisees on the public platform, believing that its so-called scanning knowledge loopholes are just a large number of brush problems for children to one computer, there is no good method, no vivid explanation, artificial intelligence is just a gimmick.

Also questioned is the expansion of Ai the squirrel. Squirrel Ai in the local learning center, usually in the form of franchise, after signing the franchise contract, the headquarters to go to the inspection guidance, to help establish a local learning center. However, since the epidemic, there have been squirrel Ai campuses running away, the news that parents have no way to refund fees has appeared in the newspapers, and a number of refund lawsuits between consumers and squirrel Ai franchise stores can also be seen on the judgment document network.

As early as November 2020, there were media reports that the squirrel Ai Zhangjiakou No. 19 Middle School Campus suddenly ran away and closed, and the teacher's salary was owed for 10 months. At that time, the Squirrel Ai headquarters responded that the school is a cooperative relationship, has docked with all parents to deal with the cost, there will be no problems, and Squirrel Ai will be 100% responsible for parents. However, from the black cat complaint platform, it can be seen that the refund problem of many consumers has not been solved.

Many franchisees also said that they had no way to refund their fees. Affected by the double reduction policy, after joining the squirrel Ai brand in July 2021, many franchisees failed to open smoothly and applied for a refund, which has been fruitless. On the black cat complaint platform, some franchisees said that in July 2021, the payment was made to Squirrel Ai, and the company did not send the contract back until October, and there has been no headquarters personnel to guide the opening of the store.

On the other hand, squirrel Ai is also continuing to release signals of transformation into the field of intelligent hardware. On January 11, Squirrel Ai held an online spring product launch conference and released a number of new intelligent hardware products, including smart learning machines Y1, X1, flagship V11 plus, and wisdom pen N10. At the press conference on the same day, Li Haoyang, chairman of Squirrel Ai and chief education technology scientist, said that in the era of all things intelligence, children's learning should also be "a thousand faces". This is also one of the important reasons why Squirrel Ai's intelligent hardware products maintain a short cycle, high efficiency, strong and practical update product system, and continuously expand the depth of business.

On the e-commerce platform, it can be seen that the squirrel Ai intelligent learning machine V11 plus is priced at 8599 yuan, Y1 is priced at 4999 yuan, and X1 is priced at 5999 yuan.

On the black cat complaint platform, some consumers said that when applying for a refund time fee, customer service will first suggest that they buy a learning machine.

In addition, there have been news that many positions within Squirrel Ai have been cut or suspended. On social platforms, there are breaking news that Squirrel Ai forced a moratorium on half of his salary until April 2022. In August 2021, some employees said on the pulse that all business employees of Squirrel Ai were suspended for 3 months without pay. Others say that starting in September 2021, salaries will be paid at 50%. For the above news, the reporter called a number of hotlines disclosed on the official website of Squirrel Ai, but has not been answered.

In July 2021, Ai Squirrel announced that it had received a C1 round of investment of hundreds of millions of yuan from SIG, CITIC Securities and NGP.

Previously, Li Haoyang, founder of Squirrel Ai, said that the salary cut was to have sufficient funds to fight a big battle and was a great love for employees. At the beginning of 2020, it was reported that Li Haoyang had posted in the circle of friends, "In order to be responsible for nearly 2,000 employees at the headquarters and more than 10,000 employees across the country" "Determined to be a bad person, all employees have a 3.5% discount salary for 5 months, and the core executives have zero salary, and a unified half discount in January." Wait for the next round of financing to make up. At the same time, he also said, "We must have sufficient funds to fight a big battle, which is a great love for employees!" ”

After the double reduction policy, Squirrel A has been emphasizing transformation. At the end of September 2021, Li Haoyang publicly revealed: "Last week, our learning machine internal conference was sold out, and the first batch of goods was all ordered. Follow-up efforts will be made to informatize education. Previously, Li Haoyang had emphasized that Squirrel Ai is not an education company, but an education technology company, and has long-term investment in the research and development of AI technology algorithms.

In response to the above risk information of squirrel Ai, the Economic Observation Network will continue to pay attention to it.