Recently, Thunder Group announced that it has reached a strategic cooperation with New World Technology Group.
According to this cooperation agreement, New World Group will establish Beijing Chain Cloud Technology Co., Ltd., and the Thunder Group will sell some blockchain businesses to the chain, including Chain, Chain, and Chain Pocket. At the same time, Thunder still retains the Thunderbolt chain. , Thunderchain open platform, Thunderbolt File System (TCFS) and other underlying technology services, as well as player cloud and shared computing services based on the player cloud network.
In recent years, Thunder has vigorously promoted the blockchain in the transition zone and actively laid out the blockchain ecology. The virtual digital asset chain (formerly known as 'playing coin') has changed its name in the less than one year since its launch, and has been re-branded. The association named 'disguised ICO', was actively stopped by the Thunder, used for the developer support plan, permanently frozen, until now stripped from the Thunder Group.
As for the issue of whether Xunlei will be subject to compliance pressures such as chain gram, as of press time, Thunder has not yet responded to the reporter of China Business News.
Go to 'coin' and leave 'chain'
In the Thunder CEO Chen Lei publicly stated that the blockchain was fully deployed, and after the Thunder Group applied it to the field of cloud computing, Thunder has suffered from market controversy that it is the blockchain concept.
Since the listing, Thunder has undergone several transformations, but the capital market's response and financial results are not satisfactory. According to financial report data, the net loss of Thunder's continuing operations from FY2015 to FY2017 was US$13.16 million and US$24.11 million, respectively. And 37.8 million US dollars.
In October 2017, Xunlei took the lead in launching 'mining' to play with customers' coins to attract everyone's attention. However, in the eyes of the industry, playing currency and bitcoin and other virtual currencies have many similar characteristics. First, they are based on blockchain. Technology's native digital assets; in addition, playing coin and bitcoin also need to mine, and the benefits of mining are less and less; in addition, there are wallets, wallet addresses, private keys and other settings.
'From a consumer point of view, although the token incentives are generated according to the algorithm, the distribution is opaque, and the chain is highly centralized. The chain currency can be directly exchanged for services, and there is no essence from the perspective of payment function and bitcoin. Difference. 'A lawyer pointed out to reporters.
Since the launch of the coin in October last year, the share price of Thunder has risen from US$5 to US$25 in two months. From the financial report, in the case of the continuous loss of Thunder's fiscal year 2015 to 2017, the transition block The chain also played a role in turning losses. Its net profit for Q4 in fiscal 2017 was $4.14 million, and the net profit for Q1 in fiscal year 2018 reached $8.03 million.
Since the beginning of this year, Thunder has been operating frequently in just a few months, quickly deploying the developer of the Thunderbolt chain. First released the backbone of the implementation of the million TPS performance - Thunderbolt, followed by the global blockchain application development contest, Its massive shared computing participants have become the user base of the Thunderbolt ecosystem. In addition, the shared computing products, the Star Cloud and the Thunderchain Open Platform, and the Thunder Chain File System (TCFS), which is born for the blockchain, are also released.
However, just as the outside world believes that Thunder will make a big impact on the blockchain, Thunder suddenly announced the sale of some blockchain business, including chain grams, chain gram mall and chain pockets, only retaining the Thunderbolt chain, Thunder Chain open platform, underlying technology services such as Thunderchain File System (TCFS), and shared computing services based on player cloud and player-based cloud network.
Xiao Lei, a well-known financial commentator, told reporters that 'Xunlei’s strategic cooperation is more about the promotion and readjustment of the business. It’s not a complete block with the blockchain. In fact, from the cooperation itself, it’s quite The sale of the currency business, the preservation of the part of the chain, is the sale of the application, retaining the operating system.
Compliance pressure or profit decline?
For this Thunder sale of the incentive tool in the upper application - chain grams, some people guess because of compliance pressure.
It is understood that while the scale of the Thunder blockchain business has gradually expanded, the dispute over the compliance of the chain has never disappeared.
Because the chain is very similar to the digital currency, its English name is LinkToken, Token is in the blockchain industry, and the corresponding Chinese translation is the token. In January this year, the China Internet Finance Association published a document saying that the issue of Thunder 'chain grams' (formerly known as 'playing coin') as a representative, a model called 'Mineral Machines as the core to issue virtual digital assets' (IMO) is worthy of vigilance, there are risks. The Thunder 'chain' distributor is actually using ' Chain gram' replaces the legal currency payment obligation for the services contributed by the participants. It is essentially a financing behavior, and it is a disguised ICO (the blockchain project is the first to issue tokens to raise funds).
The above lawyers told reporters that users can pay the relevant Thunder service fees through the chain, but to get the chain, because its non-open source characteristics, resulting in the use of other equipment can not get the chain, want to get the chain rewards issued by Thunder must Need to buy the player cloud equipment to obtain, in essence, is to use money to buy coins, and the chain itself has no cost for Thunder. In general, Thunder has disguised in the sale of the customer cloud equipment to raise funds suspected.
Thunder has also been rectifying the disputed chain business.
Following the announcement of the cessation of stop chain credit transfer service and the prohibition of user transfer functions outside the application scenarios developed by Thunder and Thunder partners, Shenzhen Xunlei Network Technology Co., Ltd. issued a notice in June this year that it will permanently freeze the official use for market operations. The entire reserved chain of expenditures. For this batch of chain, Thunder has promised to use all of them to invest in the Thunderbolt Open Platform Developer Support Program.
However, some analysts pointed out that the sales of Xunlei may have a certain relationship with the policy, but the dispute has been in existence for a long time. It was not sold because the profit of the chain business is quite high. The main reason for the transfer may be profit. Not as good as before. 'Thunder has actually earned profits through the sale of smart hardware such as player cloud and pushed up the stock price. At present, the overall secondary market is sluggish, and everyone's expectations for the product itself are lowered.' Xiao Lei said.
The reporter found that the chain that had surged 90 times from 0.1 yuan has dropped from 9 yuan to the current 1.4 yuan. Previously, Taobao was smashed to 2,000 yuan to 3,000 yuan. The player cloud equipment also fell back to 389 yuan.
'At that time, the price of the chain was high when the ICO was hot, the virtual currency bull market, and Thunder took a different approach to develop business by collecting bandwidth resources to distribute the chain, which greatly reduced the network cost and at the same time drew a lot of hardware profits. Now the chain is clearly ordered. It is forbidden to go to the cryptocurrency exchange. From the exchange, only internal stream conversion can be carried out. The decline in liquidity will lead to a serious drop in the price of the chain. The price of the player's 'mining machine' as a 'digging coin' is also affected. In addition, the player cloud The decline in hardware prices is also related to the application of the Thunder blockchain. So far, it has only introduced some exchange services such as redeeming Thunder members, iQiyi and Youku members, or using the chain to reward Thunder live broadcast anchors, etc. People, chain gram holders have low confidence in ecology. 'Liu Ye (a pseudonym) is a user of Thunder Players. He also told reporters that he bought 21 idle space for players and shared bandwidth at a price of 1,800 yuan. Come 'dig' the chain.