Product PICOOC publishes an article on "Supplier Issues"

Recently, some organizations and individuals deliberately misled well-known media, Lei Fengwang, to collect debts from “a certain material supplier” for our company (this supplier has already been kicked out of the list of suppliers of products) and arrears fees. We officially announced this matter on the matter. Damage to the image of our company, individuals and groups that affect our company's interests to maintain legal accountability. For the supplier Shenzhen Weilong Technology Co., Ltd. (hereinafter referred to as Weilong), our company will formally sue and appeal to legal proceedings.

Since the establishment of PICOOC, we have in-depth research and development of intelligent body fat scales and market research, and have explored the connection between people and health. Because of the market insights and deeper health, it was deeply favored by investors and it completed the Gobi, Tencent win-win fund and Jingdong three rounds of financing within one year, becoming an industry star company, and also because of its excellent quality and outstanding health data. The service became the best known company with the highest domestic market share and growth rate. As a result, many companies imitated by the market have been able to imitate, but they cannot shake up the position of leaders in the smart body fat scale market.

The product PICOOC has always insisted on the user as the center, based on the quality and reputation, and promoted the growth of different suppliers with excellent technology leadership. The company has sufficient cash reserves such as US dollars and Renminbi and a very positive cash flow. It maintains a good partnership with numerous suppliers. The two sides benefit from each other's mutual benefit and provide high-quality products to consumers. Check production product quality.

Weilong is one of the earliest vendors of Jianpin (it has already kicked out the list of suppliers of goods), and both parties are performing according to the contract. During the cooperation period, with the rapid development of goods, the sales volume soared. Weilong Company did not make progress in the case of a surge in business volume, and did not focus on upgrading its own management, upgrading concepts, and upgrading equipment. Instead, it cut corners and materials, and materials were reworked many times. The quality of the products was serious and affected the delivery period. In spite of the attitude of being responsible to users, many materials have suffered a lot of losses, but our company is determined to do unqualified treatment, resulting in product production capacity lagging from February to May 2016. Weilong Company's move caused severe economic losses to our company. Although Weilong Company clearly acknowledged this and accepted the penalty, this matter still delayed the production capacity of our company and then affected the development of our company. After the two parties did not reconcile their accounts, they began to invoice our company for payment and dealt with it in a unilateral manner. We will formally file a lawsuit against Weilong Company and solve it through legal channels.

Our company believes: The premise of all brands and word of mouth is quality. Crude production will certainly be eliminated by the market. This is why Apple's production in China, but the Chinese brand's manufacturing can not afford Japan and South Korea, will not enter Europe and the United States. For the suppliers with the style of a cottage and the production of a mixture of customs, we firmly resisted and demanded compensation for the losses incurred. At the same time, we welcome more high-quality supplier partners to negotiate cooperation and make joint efforts to achieve mutual benefit and win-win under the call of “many innovations and popular entrepreneurship”.

Since its establishment, PICOOC has one million hardware users and has the largest physical data warehouse in China. The data warehouse has recorded hundreds of millions of behavioral data, 33 million users walk and movement data, 35 million measurement data, and more than 1.38 million continuous and dynamic measurement records. The physical data warehouse will help us to analyze user physique more easily and provide more reliable data support for follow-up services. Jingdong's favorable rate is as high as 97.5%, and the user repurchase rate is 78%.


Focus on products, serve the users, we will continue to adhere to and do better, continue to lead the industry, in the smart scale industry, there is always a product must always be the first in the future.

(Editor's Note: The article is an official independent opinion of the product and does not represent Lei Fengwang's position.)

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