This afternoon, there were news that the smart hardware company PICOOC was being paid back by suppliers and said it was not going to pay off several millions of dollars to several suppliers. In the circle exposed by the circle of friends, the door of the product company was hung on the banner of "Breaking the Sharp (there is no product), but also my hard-earned money"!
There are PICOOC main products for the intelligent body fat. The company was established in July 2013. In December of the same year, it received Gobi Venture Capital's $4 million Series A financing. In June 2014, it received a $21 million Series B investment from Tencent and Jingdong Mall. At that time, it became an important news in the intelligent hardware industry. There was also a product CEO Zhang Yue who was also considered to be a breakthrough player with his own unique style of play in the wave of smart hardware.
Judging from the market performance of PICOOC in the past two years, the problem of its funds is beyond the expectation of the industry. Is it rumors? Or smart hardware industry and a cash chain martyrs?
With regard to PICOOC, which was the supplier's “blocking door dunning payment†incident, Lei Feng network contacted CEO Zhang Yue of the product for the first time.
Zhang Yue explained very frankly the incident reflected in the photo above, saying that the company did not owe money and did not return, he said:
One of the suppliers had serious quality problems and delayed delivery times several times.
After Zhang Yue’s rumor, he also informed that the matter was a dispute between the supplier and Shenzhen Weilong Technology Co., Ltd. This supplier had previously failed to confirm the quality, quantity, quantity, and other aspects of the product, that is, it began to collect money. This is not normal. And the quality of the product from this supplier has led to the issue of product capacity. Zhang Yue said that he will arrange for lawyers to sue each other. Zhang Yue said:
The reason for the reconciliation is that Weilong has a lot of quality problems and delayed delivery problems. Therefore, our capacity cannot be raised at all and caused great losses to us.
When interviewed by Lei Fengwang (searching "Lei Feng Net" public number) , Zhang Yue stated that due to the company's product quality problems, a large number of products had to be treated as "non-conforming products" from March to May this year, which seriously affected Capacity and delivery. "A bad job is a problem of competence. Quality laissez-faire is a question of values." Zhang Yue is very resolute.
Lei Feng network will continue to pay attention to the progress between the goods and suppliers!