Meizu reportedly lost 1.6 billion yuan in 2018, official says Coolpad official website is currently unavailable

Previously, Meizu founder Huang Zhang said, "For a company, talents are those who can make money, and those who lose money are wasted money." So the question is, how much money did Meizu lose? It is currently rumored that Meizu lost 1.6 billion yuan last year. As a veteran mobile phone manufacturer, Coolpad has encountered difficulties. The official confirmed yesterday that Coolpad's official website is under maintenance and is expected to be open in early September. The following is the specific content:

1. Meizu reportedly lost 1.6 billion yuan last year: According to Wise Finance, Meizu's losses continued to increase in 2018. Its total operating revenue last year was 7.2 billion yuan, while its total profit was -1.6 billion yuan. In addition, the total number of Meizu employees has changed significantly, from more than 4,300 in 2017 to more than 3,000 in 2018, and only 1,694 in 2019.

Comment: All three major players have taken the blame. If there are more losses in the future, where will Huang Zhang find someone to take the blame?

2. Officials say Coolpad official website is currently unavailable: Coolpad officials said on Weibo yesterday that Coolpad's official website is currently undergoing background updates and upgrades, which are expected to be completed in early September. During this period, it is temporarily unavailable to access through www.coolpad.com. We apologize for the inconvenience. During the upgrade period, you can access it using the Coolpad official website IP address.

Comment: The head-chopping faction is still alive?

3. Jia Yueting reflects on LeEco: Recently, Jia Yueting was interviewed by a reporter from Securities Daily and reflected that he realized the contradiction between the layout of too many industries at the same time and the company's insufficient management capabilities. The single financing method, uncontrolled rhythm of fund-raising and lack of experience led to the sudden death of non-listed companies in the group.

Comment: It’s useless for Lao Jia to reflect on this. He should just return to China next week!

4. NetEase's market value exceeds Baidu: As of the close of the U.S. stock market on Wednesday, NetEase's market value exceeded Baidu's, becoming the fifth largest Internet company in China. On Wednesday, NetEase's stock price closed at $262.13, with a market value of $33.542 billion. Baidu's stock price closed at $94.85, with a market value of $33.136 billion. So far this year, NetEase's stock price has risen by nearly 12%, while Baidu's has fallen by more than 40%.

Comment: It turns out that making games is indeed profitable.

5. Fuling Zhacai sent Zhacai to a Taiwanese program: Taiwan's "famous speaker" Huang Shicong claimed in a program that "mainland people can't afford Zhacai", which caused ridicule from netizens. Recently, Fuling Zhacai Company arranged to send a box of Zhacai to Huang Shicong to thank him for inspiring netizens' enthusiasm for "showing off wealth". Huang Shicong's Zhacai remarks attracted attention from the media and heated discussions among netizens on the island. Huang Shicong later asked netizens to call him "Zhacai Brother or Zhacai Cong" on Facebook.

Comment: Mr. Huang did a great job this time, successfully swindling a whole box of pickled mustard tubers. But I’m afraid you can’t swindle Moutai and Wuliangye.

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