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Express Wang Xin's next stop: Internet movies or AI, blockchain?

Time : 27/07/2021 Author : u8v6zn Click : + -
        On the evening of his release from prison, the paranoid and determined entrepreneur hurriedly gathered with friends in the circle to discuss the hot lines in the field of entrepreneurship. On the evening of that day, he Xiaopeng, founder of Xiaopeng automobile, posted a group photo with Wang Xin on Weibo and said:. Today, I'm particularly glad to see brother Wang Xin's return. He is in good health and has a complete mind. We discussed the development of AI, video, blockchain and other technologies with great interest. We also heard many secrets and past events. We believe that in the near future, there will be the next Legend of Master Wang in the Jianghu. Wang Xin, born in 1980, started his first business at the age of 22. In 2002, he established Shenzhen Dianshi Software Co., Ltd., mainly engaged in music exchange software.
 
        During this period, Wang Xin has met Chen Tianqiao, founder of Shanda, and joined Shanda in 2005 as assistant director of SDO department, leading the research and development of "Shanda box". But Wang Xin left Shanda after only one year. After returning to Shenzhen, he began to plan a new video playback software & mdash& mdash; Fast broadcast. In December 2007, Wang Xin officially established Shenzhen kuaibao Technology Co., Ltd. Quickcast is a multi-functional and personalized playing software based on the quasi video on demand core. Unlike the traditional playing software, quickcast integrates different playing engines, applies P2P technology and supports various audio and video formats such as MKV, RMVB, MPEG, AVI and WMV.
 
        In the following years, fast broadcasting developed rapidly and became the first player in the domestic market in 2011. In September 2012, the total number of fast broadcast installations exceeded 300 million, and as of June of that year, the number of Chinese Internet users was 538 million. However, the good times did not last long. In November 2013, the Haidian District Culture Committee of Beijing Municipality seized four servers hosted by the fast broadcasting company and determined that some of the videos in the servers were pornographic. In April 2014, the express announced that it would close the qvod server, stop video on demand and downloading based on the express technology, and clean up vulgar content and pirated content. In May 2014, fast broadcasting company was revoked its value-added telecom business license.
 
        In August 2014, the national "anti pornography and anti illegal activities" office announced that Wang Xin, the main suspect and the legal representative and general manager of the company, had been arrested according to law. So far, the era of fast broadcasting has officially ended. On the morning of January 7, 2016, the case of fast broadcasting company and its executives suspected of spreading obscene articles for profit was heard in the first instance of the people's Court of Haidian District, Beijing. Wang Xin denied the charge in court and shouted: "technology itself is not shameful." This view subsequently caused extensive discussion outside. In September 2016, the fast broadcasting company was fined 10 million yuan for the profit-making case of spreading obscene articles. Wang Xin was sentenced to 3 years and 6 months and fined 1 million yuan.
 
        Wang Xin emphasized technology orientation many times in those years, and the content copyright was ignored by him. During his three and a half years in prison, the price of content copyright has risen all the way, and now it has become the most important asset of video websites. Content copyright has also directly driven the rapid growth of the video payment market. This month, China Youth Daily cited data to show that the total number of paid members of Chinese video websites has exceeded 170 million, accounting for 42.9% of the total number of members. The prospective industry research institute predicts that the scale of China's online video user payment market will exceed 20 billion yuan in 2017, and the scale of video payment is expected to reach 35 billion yuan by 2018. Although the market pattern in the online video field has been basically stable in the past three years, iqiyi, Tencent video and Youku are still the three overlords in the industry, the rapid rise of short videos is causing major changes in the industry.
 
        At present, applications focusing on short videos such as Kwai and second shot are popular with users. Take Kwai as an example. In 2017, the daily active users of this company doubled to 100 million. Last month, Bloomberg reported that Kwai was seeking financing of US $1 billion, with a valuation of US $17 billion. In March 2016, Kwai was valued at US $2 billion. Meanwhile, today's Toutiao, penguin and other content platforms are spending huge sums to encourage short video creation. In September 2016, today's Toutiao proposed to invest 1 billion yuan to subsidize the short video creators on Toutiao. As of November last year, the average daily total of all short video products under today's Toutiao exceeded 10 billion.
 
        Tencent's Penguin also released its 2018 short video strategy. In addition to heavily subsidizing creators, it will also invest 100 lifestyle content companies to create 1000 IP addresses. This possibility exists. Some people in the industry disclosed to Hu OLF that Wang Xin was contacting Beijing culture before she was released from prison, so she is most likely to go to Beijing culture, but there may also be variables. Beijing culture is a full industry chain film and television entertainment media group, which was listed on the A-share market as early as 1998. In 2017, the film "war wolf 2" with a box office of more than 5 billion yuan and "Fanghua" with a box office of more than 1 billion yuan were produced by Beijing culture. In addition, the external news about Wang Xin's involvement in blockchain technology has also been frequently reported.
 
        In fact, Wang Xin was indeed the first group of people to pay attention to blockchain technology. As early as 2013, the traffic ore project of fast broadcasting was approved by the company. Some media said that it was the first shared CDN platform based on blockchain in the world. It gathered idle broadband and CPU, and optimized real-time deployment through cloud computing to help video stations solve the industrial dilemma of insufficient bandwidth. The user processes the cloud computing tasks distributed by the server through the idle CPU resources and bandwidth resources of the terminal, and can obtain valuable assets & mdash& mdash; LLT tokens. At the beginning of December 2017, the news of coin world said that with the news that Wang Xin was about to be released from prison, the price of LLT rose by nearly 30% in one day, and the price was close to 3 yuan.
 
        On January 8 this year, the flow of ore terminal & mdash& mdash; The flow ore box opened an appointment in Suning, with a price of 599 yuan. In just two days, 10000 people were online. Although the direction of Wang Xin's next venture is not clear, it may not be difficult for him to make a comeback with his well-known influence in the industry. Besides, Wang Xin also has a "tough" circle of friends. In addition to he Xiaopeng, Yao Jinbo and Li Xueling, who met with him on the day of his release from prison, kuaibao has previously received angel investment from Zeng Liqing and Zhou Hongyi, and obtained the first round investment from Softbank Saifu in 2010.
 
        
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