3 major products that were once familiar and are now disappearing
1. Quick broadcast, founder Wang Xin
2. Storm Video, founder Feng Xin
3. Tudou Network, founder Wang Wei
First of all, the current fate of these three products, Kuaibo was fined 260 million bankruptcy, founder Wang Xin was sentenced to 3 years and 6 months, released from prison in 2018; Storm Group bankruptcy, founder Feng Xin was arrested on suspicion of bribery, has not yet been sentenced, is still under investigation; Tudou network was merged by Youku.
With P2P technology, Kuaibo supports MKV/RMVB/WMV and other mainstream audio and video formats, and in 2011 it became the first player in the domestic market. By October 2012, more than 300 million people had been installed, while there were only 538 million domestic Netizens at this time.
However, with the continuous strengthening of copyright awareness, the problems faced by Fast Broadcast are getting bigger and bigger, coupled with the existence of some small movies, Fast Broadcast was quickly censored, in May 2014 was revoked value-added telecommunications business license, Wang Xin ran abroad, but also issued a Red Notice arrest, in 2016 Quick Broadcast was fined 10 million, Wang Xin sentenced to 3 years and 6 months in prison 1 million, since then the fast broadcast era has come to an end!
Storm Video and Audio is longer than fast broadcasting, but because Feng Xin expands everywhere, causing capital to regurgitate, he finally ends up with nothing, and finally The Storm Group wants to acquire MPS and enter the sports market, but it becomes the last straw that crushes the Storm Group, during which it involves bribery of waste state workers and is detained and arrested.
Tudou was launched in 2005, is one of the world's earliest video websites, at the same time there is another domestic opponent is Youku, the two after fierce competition, finally chose to merge, Wang Wei out. Many people originally thought that Youku was the final winner, but in 2015, Youku Tudou was acquired by Ali for $4.67 billion, and now Tudou has transformed into a short video platform. Wang Wei independently founded the light-chasing animation and launched works such as Xiaomen Shen, Cat and Peach Blossom Source.
Which of these 3 products have you used?
