Feng Xin is the founder, CEO and chairman of Storm Group. Feng Xin was once ordered by the Haidian District People's Court in Beijing to restrict consumption. In the same year, Storm Group was also included in the list of untrustworthy executors. Not long after, another employee protested against the news that Storm Group was in arrears with its employees' wages. In recent years, the negative events of Storm Group have emerged one after another, such as the arrest of the boss, the company's arrears of employees' wages and other scandals, which have also implicated its product Storm Video, causing more and more users to leave.
The early development of Storm Group can be said to be smooth sailing, and it was listed on the Growth Enterprise Market of Shenzhen Stock Exchange on 20 15. Storm's stock set a record in a short time, with a market value of more than 40 billion, becoming the leader of A shares at that time. Storm's stock is also known as the king of demon stocks.
But the good times didn't last long, and then Feng Xin, the founder of Storm Group, was arrested on suspicion of committing a crime. After that, the business of Storm Group plummeted, and the company owed wages to many employees, which led to a large number of employees resigning. Some employees also gathered under the company building to defend their rights and pull banners to ask for salary. Finally, there are only a dozen employees left in this famous storm group company.
Now there are more and more video software, such as iQiyi, Tencent Video, Youku Video and so on. The time when everyone used storm video is over. However, the decline of Storm Video also makes sense. The decline of company leaders, brain drain, backward technology, and changes in public aesthetics and tastes are all driving this product, and this group is heading for failure.