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Data Partners | Day Eye Check Source | PANews
The policy setting at the end of October made the blockchain a real fire. The "FOMO (Fear of Missing Out)" sentiment has continued to spread in the market. Originally, companies that started in the blockchain industry wanted to use this star. The fire is raging. Originally, companies that have nothing to do with the blockchain want to have something to do with the concept of "blockchain".
According to earlier statistics from PAData, there are about 30,000 companies nationwide (excluding Hong Kong, Macao, and Taiwan) that cover the concept of "blockchain", but a large part of these blockchain-related companies only refers to the blockchain in general. Technology development or consulting services are likely to be just "hot spots."
In order to get rid of these "moisture" and observe the current status of the blockchain industry more accurately and effectively, this PAData joint enterprise information query tool heavenly inspection has sampled 20 blockchain companies with high market volume and basic information. Focus observations on changes in capital, operations and personnel over the years, as well as legal proceedings facing them. PAData found that about one-third of the 20 companies are located in Beijing, with the vast majority of registered capital exceeding RMB 10 million. The changes of these companies over the years are mainly capital-related changes. Contract disputes are the legal risks they generally face. Among them, mining machine manufacturers and exchanges face the most legal proceedings.
1. Mostly concentrated in Beijing
The average registered capital is RMB 17.57 million
According to the data of the Tianyan Inspection, as of November 21, companies operating in the country (excluding Hong Kong, Macao and Taiwan) with a "blockchain" have covered 31 provinces, municipalities and autonomous regions, with a total of 28,345. Among them, Guangdong Province has 17,599, accounting for more than 62%, which is more than 10 times the second place in Zhejiang.
However, in order to more accurately observe the true status of blockchain companies this time, PAData sampled 20 companies with high market volume, including Zhongan Information Technology Services Co., Ltd., Shenzhen Block Cloud Chain Technology Co., Ltd., and Shenzhen One Account Intelligent Technology Co., Ltd., Hangzhou Jianan Yunzhi Information Technology Co., Ltd., Zhejiang Yibang Communication Technology Co., Ltd., China Chain Technology Co., Ltd., Shanghai Wanxiang Blockchain Co., Ltd., Ant Blockchain Technology (Shanghai) Co., Ltd., Hangzhou FunChain Technology Co., Ltd., Shenzhen Bit Microelectronics Technology Co., Ltd., Matrix Element Technology (Shenzhen) Co., Ltd., Bubby (Beijing) Network Technology Co., Ltd., Shanghai Distribution Information Technology Co., Ltd., Beijing Lekuda Network Technology Co., Ltd., Beijing Bitmain Technology Co., Ltd., Beijing Aershan Financial Technology Co., Ltd., Beijing Huobi World Network Technology Co., Ltd., Hangzhou Cunxin Data Technology Co., Ltd., Tongbao (Beijing) Blockchain Technology Co., Ltd., Shanghai VeChain Information Technology Co., Ltd. the company.
When the scope of observation narrowed down to these 20 companies to focus on, Guangdong ’s quantitative advantage “disappeared”.
According to statistics, the registration places of these 20 companies are concentrated in four provinces (municipal municipalities) of Beijing, Guangdong, Shanghai, and Zhejiang, of which 7 are registered in Beijing, accounting for more than 33%, and 5 are registered in Guangdong, 4 each Registered in Shanghai and Zhejiang.
Guangdong has a base of nearly 18,000 blockchain companies, and Beijing and Shanghai have only 88 and 77 blockchain companies, but 11 well-known companies have appeared in Beijing and Shanghai, which means that although blockchain companies are currently operating nationwide The "flowers everywhere", but the blockchain companies in Beijing and Shanghai are better at "quality".
Judging from the registered capital of the 20 key observation companies, the difference is very wide. The largest capital injection was Zhongan Information Technology Services Co., Ltd., which reached 3 billion yuan, followed by Shenzhen Block Cloud Technology Co., Ltd. and Shenzhen One Account Smart Technology Co., Ltd., which also exceeded 1 billion yuan, 2 billion yuan respectively. RMB and 1.2 billion yuan. The lowest capital injection is Hangzhou Cunxin Data Technology Co., Ltd., Tongzhengbao (Beijing) Blockchain Technology Co., Ltd. and Shanghai VeChain Information Technology Co., Ltd., all less than 10 million yuan, 7.5 million yuan, 5 million yuan and 1 million yuan.
The average registered capital  of these 20 companies is about 17.57 million yuan. According to PAData's earlier statistics, 50% of the companies whose business covers the "blockchain" are invested in the level of one million yuan. These companies with a higher market volume are larger in capital than the related companies.
The legal representative of each of these 20 companies owns an average of 14.6 companies, of which Shenzhen Block Cloud Technology Co., Ltd. has a total of 35 companies under the name of Cao Tong. Jiang Xing, the legal person of Zhongan Information Technology Service Co., Ltd., Xiao Feng, the legal person of Shanghai Wanxiang Blockchain Co., Ltd., Wu Jihan, the legal person of Beijing Bitmain Technology Co., Ltd., and Li Linye, the legal person of Beijing Huobi World Network Technology Co., Ltd. Both have more than 20 companies.
To a certain extent, the legal entities of these 20 key blockchain companies have many companies at the same time, which shows that these companies' foreign investment is in a relatively active state.
2. Nearly 25% of changes are capital changes
Three major mining machine manufacturers frequently change
Recently, the infighting between the two founders of the well-known mining machine manufacturer Bitmain has become a well-known gossip in the industry, but other than Bitmain, other blockchain companies have not stopped.
According to the change records of industrial and commercial information, 20 key blockchain companies that have watched a total of 378 changes in industrial and commercial information. Among them, the market has experienced a year of bulls and bears. 2018 is a year in which various companies have changed a lot, and a total of 150 times The change is equivalent to an average change every two months for each company. And this year, as of November 21, 20 companies have made a total of 50 changes, less than 77 times in 2017, and the same level as in 2016. Judging from the number of changes over the years, this year each company's operation is relatively stable.
PAData classifies these changes in business information, which are mainly divided into eight categories: personnel changes, personnel records, business changes, business records, capital changes, capital records, other and unknown. Among them, personnel changes / records mainly include changes and records of legal representatives, directors, directors, senior management personnel and investors. Operational changes / records mainly include business-related changes, such as business operations, places of business, and types of entities, and changes in capital. / Filing mainly includes registered capital, subscribed capital contribution, subscribed capital contribution method, subscribed capital contribution time, actual capital contribution amount, actual capital contribution method, actual capital contribution time, investor changes and filing.
According to statistics, the changes in the past 20 companies are mainly capital changes , which have occurred a total of 93 times, accounting for about 24.60%. Among the capital changes, the registered capital change is the content that occurs most often , and 20 companies have changed their registered capital 50 times in the past year. In addition, operating changes and personnel changes occurred more frequently, with 86 and 74 occurrences, respectively, accounting for approximately 22.75% and 19.58%, respectively.
Among the 20 companies, Shenzhen Bit Microelectronics Technology Co., Ltd. is the company that has changed the most over the years, a total of 47 occurrences, accounting for about 12.43%, followed by Hangzhou Jianan Yunzhi Information Technology Co., Ltd. 44 changes, accounting for approximately 11.64%, Hangzhou Funchain Technology Co., Ltd. has occurred a total of 42 times, accounting for approximately 11.11%. In recent years, Bitmain, which has made the fighting public in the past, has changed 28 times, accounting for about 7.41%. From the perspective of the main change, the three major mining machine manufacturers have changed more over the years.
Looking at the company and the changes, Shenzhen Bit Microelectronics Technology Co., Ltd. is the company with the most capital changes, a total of 21 times. Its registered capital has changed from the initial registered capital of 100,000 yuan in 2016 to 7 million yuan after 7 changes . The largest capital increase occurred on August 23 this year, with a single capital increase of 20 million yuan. BitWei is the manufacturer of the Shenma mining machine. According to PAData's earlier observations, the Shenma M20S, Shenma M21S and Shenma M10S are among the top 10 mining machines with the highest daily net income in the market. Excellent. According to October news from Bochain Finance, Bitweis raised $ 22 million in financing and is considering a IPO in 2019.
The mining machine giant Jia Nan Yunzhi, which has just been listed in the United States , is the company that has undergone the most changes in operations in the past 15 times, including 3 changes in name, 4 changes in business type, and 4 changes in business scope . And technology import and export, industrial investment and achievement transfer.
Another old mining machine giant, Beijing Bit Continental Technology Co., Ltd., is the company that has experienced the most personnel changes over the years , a total of 13 times. From the beginning of this year, Bitmain's senior management has been in a turbulent state. First, Wang Haichao became the CEO, then Zhanke Group retired from the main members of Bitmain, Wu Jihan changed to legal representative, and also took over the position of executive director of Zhanke Group. Dismissal of Bitmain subsidiary Tianjin Diwei Digital Vision Technology Co., Ltd., so far the battle between the two founders has not ended.
Another company with a lot of changes in family affairs is Bubi (Beijing) Network Technology Co. , Ltd. , which also occurred 13 times, of which 8 were changes in investors and 5 were changes in directors (directors), managers and supervisors. Among them, the internal personnel changes were mainly due to the change of director seats between Zheng Daxin, Wang Yan, Zhang Mingyu, Guo Feng, and Yang Fan. However, at present, the personnel struggle within Bubbi has not been made public. From the public information, Bubbi's main business includes alliance chain, enterprise-level solutions and supply chain finance. Zhang Mingyu, who leads the supply chain finance business, entered the board of directors in April this year. After the Shanghai Office, which once dominated the alliance chain business, was abolished, Shanghai co-founder Yang Fan lost his board seat.
3. Contract-based disputes
Exchanges and mining machine manufacturers litigate
Due to the unclear regulation, blockchain companies still face many legal risks. Judging from the statistical results, contract disputes are the most important lawsuits faced by the 20 key observing blockchain companies . There have been 13 judged contract disputes, including 6 cases involving Beijing Huobi World Network Technology Co., Ltd.
Sales contract disputes are also relatively common lawsuits. Seven cases have been judged, including Bitmain involving 3 cases, billion state communications involving 2 cases, Huobi and Beijing Lekuda Network Technology Co., Ltd. (OKEx subject company) each involved 1 Up. Basically, disputes over sales contracts are mainly legal issues facing miner manufacturers. A senior mining industry practitioner told PAData, "In the past, when the market was good, mining machines were very popular. Many mining machines were sold in futures, but buyers did not necessarily get mining machines." There are many mining machine manufacturers. The dispute over the sales contract may be related to the normativeness of the sale of the mining machine.
Six disputes have been judged against infringement of utility model patent rights, and Bitmain and Bitwei each have three. The bitterness between Bitmain and Bitwei has a long history. According to an earlier report on the value of the carbon chain, Yang Zuoxing, the founder of Bitwei, designed part-time chips for Bitmain's S7 and S9 miners in his spare time. In May, he negotiated with Bitmain after the collapse of the equity issue. Started Bitwei. At present, the Shenma series miners have performed well in the market, but the two parties have been in dispute over the patent technology of the miner chip.
From the perspective of the main body involved in the lawsuit, there are more lawsuits faced by exchanges and mining machine manufacturers. Beijing Huobi World Network Technology Co., Ltd. involved a total of 18 lawsuits, Beijing Bitmain Technology Co., Ltd. involved a total of 12 lawsuits, and OKEx's main company, Beijing Lekuda Network Technology Co., Ltd., involved a total of 10 lawsuits.
However, it must be stated that because the current definition and supervision of digital assets in China's laws are not clear, many disputes involving digital assets cannot be filed, so the legal risks shown in this statistics, especially the laws faced by exchanges The observation of risk is very incomplete.
the data shows:
 The average level here refers to the median.
 Appeals are counted separately.