But this company has been burning money, operating with debt, and has never made a profit in its financial reports.

It may be that the time for their company to gamble with capital is almost here.

If the performance cannot be achieved again.

iQiyu will face various problems.

Therefore, this company chose to take a wrong approach and robbed users of their money.

They defraud users of their money by not simply asking users to recharge their memberships and purchase individual episodes, which is the traditional approach.

Instead, a hardware company specializing in VR equipment was hatched within their company - Qiyu VR.

After nearly two years of packaging and promotion, Qiyu VR has achieved the leading position in domestic VR.

But because the overall trend of the VR track is not good.

iQiyu is ready to kill the goose that lays the eggs——

Use this internally incubated company to defraud users of a lot of money, then spin it off and go bankrupt.

What they did was let Qiyu VR run a check-in and cash-back activity, which was very similar to a pyramid scheme.

What was originally worth only a few hundred yuan, Qiyu VR sells for 3,000 yuan under the banner of iQiyu.

They promise to customers who purchase equipment that as long as the customer clocks in for 300 days within a year, the purchase price of 3,000 yuan will be refunded in full.

The so-called check-in means that VR users only need to play VR games for half an hour every day.

This is a good bargain for users.

If you play for half an hour every day for 300 days, you can get a VR device for free.

If it is a small brand or activity conducted by a small manufacturer, most people will definitely not dare to buy it.

But iQiyu is one of the most well-known video websites in China.

Qiyu VR has been selling equipment under the name of iQiyu.

It also comes with a one-year gold membership of iQiyu.

This reassures users that iQiyu is a big company and will definitely not deceive people.

This activity attracted hundreds of thousands of users, who spent 3,000 yuan to buy Qiyu VR, which was only worth a few hundred yuan, and carried out the 300-day check-in activity rain or shine.

Many people insist on punching in even if they are sick, just to get back the 3,000 yuan purchase price.

But who would have thought——

When iQiyu's management first designed this event, they had already targeted the hundreds of thousands of users who had purchased hundreds of millions of dollars in purchase money, and had no intention of returning users' purchase money.

They are just doing it legally to make their performance look better.

Ever since, a year has passed.

iQiyu’s financial statements finally turned a profit, achieving book profits for the first time.

However, Qiyu VR owed a lot of bad debts and directly applied for bankruptcy protection and no longer refunded users.

Out of hundreds of thousands of users, only a few dozen people have received rebates.

The remaining hundreds of millions of dollars spent on purchasing the aircraft “disappeared”.

Not only did Qiyu VR not give refunds to users who successfully checked in, they also refused to repay the debt owed to the equipment supplier.

What's worse, they don't even pay their own employees!

Acting like a dead pig is not afraid of boiling water, which means you will go bankrupt and default on your debts.

iQiyu’s management team has already designed all this.

On the grounds that the independent operation of Qiyu VR has nothing to do with the parent company, the responsibility is completely passed on.

As long as their financial statements look good, it doesn't matter whether they want to lose face or not.

In broad daylight, in broad daylight, they defrauded hundreds of thousands of users out of hundreds of millions of machine purchase payments with peace of mind, and also defaulted on payments to their suppliers and factories, as well as the wages of their own employees. How could they get a good death?

Countless people are already suing Qiyu VR and its parent company iQiyu Video.

Although from a legal perspective, iQiyu has made a very clean choice regarding itself and this matter.

But once this incident breaks out, the relevant departments will definitely intervene in the investigation.

What age is this? There are still people who lie like this. Isn’t this company looking for death?

Hundreds of thousands of good people have been defrauded, and it's not even a small amount of money. This matter is definitely not over.

Many radical people have begun to block iQiyu Company.

The yacht that iQiyu rented for an event was splashed with paint and slapped in the face by their own employees.

The yacht currently drifting to Gappo Island is the same one that was splashed with paint that made a hot search and was later suppressed by iQiyu with money.

Although iQiyu’s public relations department is working hard to suppress this matter.

But this matter has already started, and Aiqiyu will definitely not end well.

What if the relevant departments are all doing nothing?

In broad daylight, using VR to defraud hundreds of thousands of users out of hundreds of millions of dollars is simply outrageous in contemporary China!

People in the industry like Lu Shuai and others chose to draw a clear line with iQiyu after what happened to iQiyu.

The agency Lu Shuai signed with before has in-depth cooperation with iQiyu.

But after their agency smelled bad signs, they ended their cooperation with iQiyu ahead of schedule.

What iQiyu did was so unethical, and they ruined their own reputation, making everyone look down upon them.

Although their latest quarterly financial report turned a profit, it was the first time in history that they had a positive profit.

But it's like a flashback. This unscrupulous company will probably be destroyed soon.

Many stakeholder groups have jumped ship in advance and cut ties with iQiyu.

Hundreds of thousands of defrauded users are trying to block iQiyu with the energy of spreading the word to tens and hundreds.

Before the disaster broke out, there were already tens of millions of users, and they would no longer purchase any membership or consumption items from iQiyu.

Although Lu Shuai himself did not buy Qiyu VR, he was deceived.

But many of his friends were deceived.

There are also friends who are angry because of this.

What iQiyu did is really disgusting.

Almost everyone around him, including Lu Shuai himself, has uninstalled iQiyu.

These chaos in the circle made Lu Shuai feel disheartened.

The combination of these factors made Lu Shuai finally decide to leave the entertainment industry temporarily.

Unexpectedly.

iQiyu has been disgraced and thrown abroad.

It’s the end of the world, and we still want to embarrass China with a yacht flying the national flag.

Lu Shuai became angry when he saw this embarrassing thing.

"Let's go and burn that yacht. Don't let him embarrass China."

Lu Shuai handed the oar to Huang Zitao and asked Huang Zitao to row together towards the stranded Shameful yacht ahead.

Huang Zitao still holds on to a little fantasy, hoping that this iQiyu yacht was only damaged on the surface and is still in good condition inside.

But when Lu Shuai took him on the boat, Huang Zitao was stunned——

This iQiyu yacht is rotten to the core.

Not only was paint splashed on the outside, but it was also rotten inside and already had a stench.

It can't be opened at all.

Lu Shuai climbed onto the yacht, took off the red flag, folded it and put it into the space.

Then he sprayed diesel on this shameful yacht with the words "IQIYU RETURN" written all over it.

"Hoo" a fire was lit for this embarrassing thing.

The sudden fire on the beach attracted the attention of the bloody corpses in the surrounding grass.

"Roar!...Gah!...Gee!"

The screams of bloody corpses rang out from all directions.

Gapado is a plain island.

The whole island is covered with green fields of oil and wheat.

Riding a bicycle in the sea of ​​grass and blowing in the sea breeze is a very charming enjoyment.

But at this moment.
To be continued...