"At about 2 p.m. on the 11th, everyone was suddenly 'kicked' out of the group group, and the next day they were asked to sign a resignation agreement and leave." A number of employees of the Yanjiao branch of the jane network life circle said to Lieyun Network.
An employee shared an email sent by Ding Jun, CEO of Jianwang Life Circle, on the evening of October 11, which mentioned: "The company's current cash balance on the book is not enough to pay the September salary, facing a break in the capital chain, it is expected to borrow the money used to pay the September salary within two weeks and will be issued at that time." After that, the company will not have the funds to operate normally, and will not be able to pay everyone's salary and severance compensation after September. ”
Ding Jun said that the company will issue arrears vouchers to employees and make corresponding compensation when the financial situation improves or the bankruptcy liquidation is completed.
Source: Courtesy of respondents
For this news, Lieyun Network called Ding Jun's phone for verification. As of press time, the phone is unanswered.
Subsequently, Lieyun Network called another management of the Jane Network Life Circle, who said that it was "inconvenient to disclose" and immediately hung up the phone.
Source: Tianyancha Tianyancha information shows that Cyber Elephant is a trademark registered by Beijing Yidian Wangju Information Technology Co., Ltd. on August 25, and is currently under substantive examination.
Source: Celestial Eye Checker
Founded by Ding Jun in 2011, Jianwang Life Circle is a company focusing on the local living communities in the sinking market, which aggregates a variety of services such as urban local information, job recruitment, second-hand market, neighborhood forum, and life services, and its business covers Hebei, Shandong, Henan, Jiangsu, Inner Mongolia and other provinces.
The company has successively received millions of dollars in Series A investment from Qiming Venture Capital, and B round investment from Qiming Venture Capital and Triumph Venture Capital. In 2019, it also received strategic investment from JD Digital.
According to public information, Ding Jun has 9 years of work experience in Microsoft China, and began to start a business in 2007, first doing advertising alliances, and then transforming into APP factories (tools for generating APP), life circle products are incubated from APP factories, and eventually promote the company to transform the local community.
The group suddenly withdrew its investment, and the capital chain of the life circle of The Simple Network was broken
Whether it is from the employees of the life circle of Jianwang or Ding Jun's email, it is mentioned that behind the break in the capital chain, it stems from the suspension of the merger between Cyber Elephant Group and Jianwang.
Wang Yang provided a framework structure for the company, which includes three companies, Dragon Chart Games, One Point Information and Jane Net Life Circle.
Wang Yang introduced that in March this year, after the three parties decided to merge, a live broadcast meeting was held, and the group also openly solicited new names.
Since then, the life circle of Jianwang has begun to expand on a large scale, from March to October, from covering more than 30 cities to more than 100. But the rapid expansion did not have the desired effect.
"In the past, expanding a city, it grew up in two or three months, and now expanding so many cities, seven months has not reached the expected goal, spending a lot of money, about a few hundred million or so."
Wang Yang said that the company's statement is due to restrictions from mobile phone manufacturers such as Huawei.
"Some articles in the previous life circle, local hot events, etc., can pop up at any time, the opening rate is very good, and the data is also very good." But this year, Huawei mobile phone traffic limit fee, a three-cent or so, after the data slowly became bad, the company noticed this situation, but also slowly contracted, stopped expanding. ”
According to the information of Tianyancha, on January 28 this year, the registered capital of Beijing Jianwang Century Technology Co., Ltd. increased from 30 million US dollars to 80 million US dollars. In September this year, its business scope added information on the operation of fruits and vegetables and other foods.
In addition, in April this year, its company address changed. Room A-017, 1st Floor, Building 17, No. 9 Jiuxianqiao North Road, Chaoyang District, Beijing, which is located on the same floor as the Office of Little Information and is closely adjacent to it.
As can be seen from the life circle APP, including group buying, information, job hunting, used cars, advertising and other business lines. According to employees, advertising and job search business developed the best, the total number of registered users of the entire APP was tens of millions, and the daily life of a single city circle was hundreds of thousands.
The latest financing for the circle of life is from JD Digital. In September 2019, JD Digital announced a strategic investment in the life circle.
Xu Ling, then vice president of JD Digital Technology and president of the personal service group, said that Jianwang has efficient operational capabilities for users in lower-tier cities, and also has rich native traffic resources, which are valued by JD Digital.
The cooperation between the two parties will further expand JD Digital's online and offline service territory, further extend digital technology to low-tier city communities, and build a multi-level marketing ecological platform with all scenarios and a multi-level marketing ecosystem in the closest way to users.
In view of the lack of high activity, low cost, and products that meet diversified needs in the sinking market, Jianwang put forward the concept of "one App to solve all local problems" and created a local comprehensive service platform life circle APP.
"One app solves all the local problems to drastically reduce the cost of exchange transactions. This is the user's just need, is the objective law of economic development", Jianwang CEO Ding Jun is also full of confidence in the cooperation between the two sides, "we will use the verified model and method to fully cover the sinking market, to achieve a full outbreak of native user traffic, and finally achieve a win-win situation with JD Digital in the sinking market.".
So why did Cyber Elephant suddenly stop cooperating this time?
A little information official revealed in the search for verification on the cloud hunting network that the current bit of information has been upgraded to cyber elephant group. However, for the suspension of the merger with the life circle of the simple network, as of press time, the other party has not replied.
An employee of Jianwang Life Circle provided Lieyun.com with an internal letter circulating a little bit of information CEO Yang Yuxiang, but he did not confirm whether it was true.
According to the internal letter, Cyber Group terminated the cooperation on the grounds that "the rhythm of market development and the business link characteristics of the product itself are not suitable for the group's development strategy".
In this circulating email, Yang Yuxiang said that the judgment of the acquisition of the circle of life is its major strategic decision-making mistake, under the pressure of survival and competition, the desire for DAU ignores the integrity of resource allocation, resulting in nearly ten more business lines at once, taking care of one or the other, each business link is difficult to form a business closed loop in the short term. At the same time, the large-scale investment in the circle of life has also led to a great impact on the investment and development rhythm of other battlefields.
This short-lived merger has allowed the large-scale expansion of the Jane Network life circle, and the sudden withdrawal of funds has also broken the capital chain of the Jane Network life circle.
Wang Yang revealed that at present, the four living circles of Rizhao, Tai'an, Liaocheng and Yanjiao are profitable, and the headquarters should not be shut down. According to his understanding, there are currently about 8 life circles in operation.
According to the information of Tianyan, jining, Rizhao, Tengzhou, Liaocheng, Tai'an and other five branches are in the state of operation, and the rest of the branches such as Zhengzhou are in a state of existence.
Employees say they were violently laid off and "suddenly kicked out of the group"
Headquartered in Beijing, Jianwang Life Circle has three branches, namely Yanjiao Branch, Zhengzhou Branch and Tianjin Binhai New Branch.
Among them, Tianjin Binhai New Area has been closed at the end of August, and employees have also received "N+1" compensation. Employees in Yanjiao and Zhengzhou said they were "violently" laid off by the company.
According to Tianyan, in the latest 2020 annual report provided by Beijing Jianwang Century Technology Co., Ltd., the number of employees who provide five insurances is 449.
Wang Yang revealed that the Yanjiao branch now has only 5% of the employees left, the operation department still has a few people, and the promotion department has all been "kicked".
Tian Min is an employee of the Zhengzhou branch of the life circle of The Simple Network, and when she was on duty on the evening of the 11th, she received an email from CEO Ding Jun, "At that time, the direct leaders did not say anything, and the email did not say anything like bankruptcy. On the morning of the 12th, we were still working normally, and in the afternoon we received separation agreements one after another, and no one informed us in advance. On the evening of the 12th, the company was directly closed. On the 13th, it was found that DingTalk Company no longer belonged to the Cyber Group. ”
Tian Min also revealed that on the evening of the 12th, two managers of the distribution department who came from Yanjiao on a business trip received a notice from the Beijing headquarters and sent hundreds of company mobile phones in the Zhengzhou office area overnight. ”
Tian Min said that the situation in Zhengzhou is that no one cares, the property has buckled up all the company's things, and the employees are basically college students who have just graduated, most of them after 95.
"Now the Zhengzhou branch has been empty, and from the beginning to the end, no leader has come forward to explain what is going on."
Liu Qi, an employee of the promotion department, told Lieyun Network that before the operation department, as early as September 30, they suddenly received a notice to transfer to Yanjiao. If the employee does not go, the company will compensate for one month's salary. He originally wanted to hand over the resources after the eleventh section, and then left his job, but unexpectedly received a notice that the company's capital chain was broken.
In his view, the so-called "transfer to Yanjiao" is just a cover, "the company does not want to compensate employees in accordance with the provisions of the labor contract." ”
As of press time, Wang Yang revealed that the current employees, as well as pregnant and lactating employees, have received salaries in September. Employees who have not signed a voluntary separation agreement have not yet been issued.
Liu Qi said that in the past two days, Zhengzhou station employees have received personnel calls, "If you sign a resignation agreement, the salary will arrive in the evening or next Monday." ”
A number of employees told Lieyun that they did not want to sign the agreement, one means that the company has left the relationship and cannot get any compensation. Second, the separation agreement contains a confidentiality agreement, and if the employee violates it, he will be compensated ten times the standard salary for the month of departure.
(Note: Wang Yang, Tian Min, and Liu Qi are pseudonyms in the text.) ）
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Source: Lieyun Network