Can Baofeng, which is in its twilight years, replicate the success of Xunlei's "Wanke Cloud" with the help of "Baofeng Broadcast Control Cloud"?

Under the leadership of CEO Chen Lei, Xunlei Group has successfully run "Wanke Cloud". The prices of "Wanke Cloud" and "Wanke Coin" have increased dozens of times. Xunlei's stock price has also increased fivefold in one month. Perhaps jealous of "Wanke Cloud", on December 3, Baofeng Group's official website launched "Baofeng Broadcast Control Cloud". As of the time of writing, the number of reservations has exceeded 32,855. According to the official website, its features are: smart hardware, mining machines, blockchain, the price is 4,999 yuan, and it will be released soon.

What kind of product is it? Why is it priced like this? Is it the "Wanke Cloud" that is jealous of Xunlei? Is it a real blockchain? Is it a money-making scam? And so on, we don't know these, but one thing is certain: Baofeng, which is in its twilight years, will continue to write the myth of its past stocks by taking advantage of the popularity of blockchain.

According to the official website of Baofeng Group: Baofeng Group Co., Ltd. (stock code: 300431, stock abbreviation: Baofeng Group) - China's Internet video entertainment leader, was established in January 2007. Relying on continuous technological innovation and efficient operation, it has achieved continuous profitability and was successfully listed on the Shenzhen Growth Enterprise Market on March 24, 2015. After the successful listing, Baofeng Group continued to expand its business segments and service scenarios and launched the "Global DT Entertainment" strategy. Based on Baofeng Group's many years of technical and business accumulation in the field of Internet video services, it continues to expand new service content and service scenarios for users, and has successively entered the VR, TV, film industry, sports and other industries. Business modules such as Baofeng Magic Mirror, Baofeng TV, Baofeng Film Industry, and Baofeng Sports have been established one after another.

According to the prospectus of Baofeng Group in the first year of 2017, CICC, as the sponsor of its GEM listing, issued the following stocks:

Finally, on March 24, 2015, Baofeng went public. In less than two months (as of May 22), the stock price soared from 7.14 yuan per share at the time of issuance to 280 yuan per share, with a total market value of 34.68 billion yuan! After that, it continued to rise, reaching a peak of 327.01 yuan. This crazy rise was incredible, and the media and investors, in confusion and shock, called it a "demon stock" or "magic stock."

Feng Xin, chairman and CEO of Baofeng Group, explained the stock price as follows: From an internal perspective, Baofeng has impressive user data; from an external perspective, Baofeng is the first Internet company after LeTV to be listed on the A-share Growth Enterprise Market, and the first Internet company to actively transform its capital structure and give up listing in the United States and return to the market. At that time, there was a relatively large amount of liquidity in society, and the result of huge amounts of capital competing for very few resources was a soaring stock price.

What was ultimately embarrassing was that after the surge in Storm's stock price, it soon turned into an amazing parabola, especially in the half month from mid-July to early August 2015, when Storm's stock price even fell below 100 yuan.

In 2017, Baofeng's stock price plummeted, falling to below 20 yuan before it was suspended in July this year.

The stock price can best reflect the performance of a company. The short-lived decline of Baofeng Group has taught many investors a bloody lesson. However, given that the "Wanke Cloud" hyped by Xunlei has gained both fame and fortune, the success of "Wanke Cloud" has saved the dying Xunlei. Whether Baofeng Group can continue the glory of Baofeng's past with the help of "Baofeng Wind Control Cloud" remains unknown. However, judging from the number of reservations and prices at the time of my publication, Baofeng has already earned more than 160 million yuan in this round. This number may be even higher as the media exposes and spreads it. Whether this "Wanke Cloud" copied from Xunlei in the name of blockchain can save Baofeng in its twilight years, I believe the market will give a clear result.