Media: Qunxing Toys relies on mergers and acquisitions to reorganize the cross-border blockchain field, and new shareholders lose at a loss of 72.26 million

Phoenix Network Blockchain said today that on November 11th, Qunxing Toys said on the interactive platform that the blockchain technology of its subsidiary Black Box Data Technology (Jiangsu) Co., Ltd. has been on the company's digital agriculture and digital finance projects. Application and landing, but no profit has been generated yet. It is reported that after Qunxing Toys was listed on the Shenzhen Stock Exchange in 2011, the company's performance continued to decline. In order to improve the operation, in 2014, Qunxing Toys sought opportunities for mergers and acquisitions on the grounds of expanding its second main business. After four failures, the company's performance continued to decline until losses. As of 2018, the company had only 17 employees. During the transition period, the new and old shareholders of Qunxing Toys began to reduce their shares this year. The announcement of three reduction plans was issued in one year. Up to now, the new and old shareholders have accumulated 215 million yuan this year. Qunxing Toys, whose main business has transformed from the toy business to the Science and Technology Information Business, now wants to use the subsidiary to lay out the blockchain field.