1. User balance cleared, deposit refund is now possible! Cool Cycling's 298 yuan deposit requires a visit to Beijing.
After waiting for months, many riders were left in uncertainty, only to find out that their deposits had been cleared. Initially, the company claimed responsibility for handling 1.4 million bikes and subsequent refunds, but now Bayer, the operator, admits to being a third-party and denies any responsibility for refunds. The company has been flagged as having abnormal business practices.
According to Shanghai media, the only refund channel for Cool Cycling users is at the headquarters of Cool Horses located in Wanda Plaza, Tongzhou District, Beijing. To get your 298 yuan deposit back, you need to bring an ID card or have a family member with an account number and a registered phone number. Some users who successfully got their refunds said the process was quick and straightforward: just show your ID, use the app on your phone, and provide a registered number. The deposit returned via the original payment method within seconds. However, the balance in the app still hasn't been processed yet.
Comment: Only the first and second steps are clear, but the third is still unclear. Keep an eye on the deposit refund process!
2. Sunac China Provides 1.79 Billion YUAN Loan to LeTV
Sunac China announced on November 16 that its subsidiary has conditionally agreed to provide a 500 million yuan loan (first loan) to LeTV for general operating funds. It also conditionally approved a second loan of 1.29 billion yuan for the same purpose. In addition, Sunac Real Estate has agreed to guarantee LeTV’s existing and new debts, up to a total of 3 billion yuan.
A document reportedly circulating under the "Sunshine Group" name suggests that all TVs used in Sunac regions must be LeTV TVs. Some residential projects even donated LeTV TVs based on project-specific arrangements.
Comment: It seems LeTV is making a comeback, and capital management strategies are continuously being implemented.
3. Ministry of Industry and Information Technology: Major Operators Must Not Restrict Old Users’ Choices
The Ministry of Industry and Information Technology recently issued a notice regarding telecommunications service quality in the third quarter of 2017. According to the report, telecom service capabilities have improved, with steady growth in 4G users. From January to September, 147 million new 4G users brought the total to 947 million. By the end of the third quarter, mobile internet traffic reached 15.4 billion gigabytes, up 148.3% year-on-year. Complaints about telecom services dropped by 24.1% annually and 28% monthly. Spam messages reported increased by 23.4% year-on-year but decreased by 4.4% month-on-month.
The ministry emphasized that telecom operators should not introduce tariff plans that restrict old users' choices. They should handle user complaints properly, safeguard rights, and avoid false advertising during promotions. Companies must not obscure or dilute restrictive conditions or belittle competitors.
Comment: Great news! I heard that if you leave your provider, your complaint will be handled immediately.
Behind the Toshiba Transfer: Made in China is Replacing Japan
On the 14th, Hisense Electric Co., Ltd. and Toshiba Corporation announced that 95% of the shares of Toshiba Image Solutions have officially been transferred to Hisense.
In recent years, many Chinese companies have invested overseas, often spending billions on acquisitions. However, Hisense’s acquisition of Toshiba is relatively small in scale but still sparked widespread public attention. Once a global leader, the Japanese brand “Toshiba†is now owned by a Chinese company.
Over the past decade, many Japanese electronics giants have declined and been acquired by Chinese firms. In 1995, there were 149 Japanese companies on the Fortune Global 500 list. By 2015, only 54 remained. In the 1990s, Sony, Sharp, Panasonic, Hitachi, Toshiba, and Sanyo dominated the global TV market. Today, only Sony and Panasonic remain as independent Japanese brands, while other companies' businesses are now managed by Chinese firms.
In 2015, Changhong acquired Panasonic’s Sanyo TV business, gaining exclusive rights to the Sanyo brand in mainland China. In 2016, Sharp accepted a 388.8 billion yen investment from Hon Hai and became a subsidiary. In July 2016, Lenovo acquired a 90% stake in NEC, forming a joint venture established in 2011. Recently, Lenovo also acquired a 51% stake in Fujitsu’s PC business for about 1.3 billion yuan.
Comment: So far, it seems only Sony is still profitable. What else is left of the Japanese electronics industry?
Firewall Pc With Tpm,Firewall Router With Tpm,Pfsense Firewall With Tpm,Network Server With Tpm
Shenzhen Innovative Cloud Computer Co., Ltd. , https://www.xcypc.com