Digital Kingdom

On April 25, Scott+ScottAttorneysatLawLLP, TheRosenLawFirm, TheSchallLawFirm, RobbinsArroyoLLP, TheKleinLawFirm and many other shareholder equity law firms issued a joint announcement stating that they are taking a class action lawsuit against Golden Dragon Loan and indicate the information of Golden Dragon Loan investors as the plaintiff The deadline for submission is May 25, 2016.

The "Joint Announcement" mentioned that Golden Dragon Loan has a number of problems in the letter. The details are as follows:

(1) Many customers of Golden Dragon Loan repay their loans with loans; if not, these customers cannot repay their existing loans.As a result, Jinlongdai’s revenue and number of active borrowers are exaggerated, and the probability of default is increased;

(2) Chinese regulators have continuously issued administrative orders, which include 36% ceiling requirements for annualized interest or loan product charges, and stricter restrictions on violent collections.Due to its improper lending and collection behavior, Jinlongdai's behavior is facing regulatory risks.

Stimulated by this news, Golden Dragon's share price fell again by 5%. Compared with the highest share price, the market value has evaporated by nearly 30 billion.

In response to the above issues, Golden Dragon Loan held a press conference and officially responded:

(1) Because the U.S. stock market has a short-selling mechanism, many short-selling institutions use so-called surveys to short target company stocks to obtain huge commercial benefits for themselves, not to protect the interests of investors and consumers, as it suggests.

(2) Securities class actions are widespread and increasing in the US capital market.Driven by considerable interest, the plaintiff’s lawyers usually receive a certain percentage of the compensation amount as attorney fees.

(3) In the U.S. capital market, securities class actions are a relatively common mode of commercial litigation, mostly caused by economic losses to shareholders due to stock price fluctuations.Previously, more than 100 Chinese concept stocks had faced class actions.In fact, not only Chinese concept stocks, but domestic listed companies in the United States also often face the risk of class action lawsuits.

(4) The company is currently actively communicating with the U.S. judicial department. We are determined, sincere, and responsible to respond to any allegations. We welcome the supervision of people from all walks of life at any time. Golden Dragon will continue to strive to provide the best for global customers and partners Services to create long-term value for investors.

Wu Xuan had a sullen face and did not speak. Recently, Jinlongdai was deeply trapped in the "law firm". The smell of gunpowder on both sides was getting stronger, and he was almost out of control, which made him very dissatisfied.

Although he provoked the war, this situation is not what he wanted.

In this case, it is almost impossible to talk about cooperation with Zhao Ziming.

The US law firm officially filed the allegations, implying that Yang Xiaolong has lost control.

Zhao Ziming's reaction may not be small if he can put it in or not, hit a stick and not give a sweet date.

"Young Master Xuan", Song Honglin, Wu Xuan's number one confidant, pushed in.

"What's the matter?" Wu Xuan calmed down and looked at his confidant beside him with a serious expression.

"Digital Group has launched the first medical wearable product and cloud service platform. I think we should pay more attention to it."

Song Honglin helped the glasses, meaning something.

"How do you say?" Wu Xuan asked.

"I took a look at the product introduction, and the impact on us was quite big," Song Honglin explained.

"Wearable products are to collect various body data, mainly for health management, and the cloud service platform creates a medical cognitive computing system that can provide doctors with powerful cloud service support."

"Yeah," Wu Xuan got serious.

You should know that 13 of his industries are concentrated in the medical field. Through direct or indirect holdings, he has more than ten listed medical companies. Once there are problems in this area, it will be a huge blow to him.

“On the cloud service platform, doctors only need to input the patient’s general condition, underlying disease, surgery, pathology, treatment process, recurrence and metastasis, etc., and “artificial intelligence” can pass more than 300 medical journals and more than 2500 Screening of medical books and 60 million pages of papers, lists several treatment options that best meet the current conditions, and recommends them to clinicians according to priority, and also indicates the evidence-based support and source of guidelines for each option. We have discussed This kind of support is needed for personalized medicine."

Song Honglin is a little unbelievable when he speaks. Such powerful cognitive and computing capabilities are beyond the limits of the human body. It can detect and predict various changes related to the development of the disease, and provide a list of optional treatment options for reference.

There are few trends to change the pattern of the medical industry.

Wu Xuan only felt that his temples jumped suddenly, and he was almost certain that the move by the Digital Group was definitely aimed at him.

Although his industry information is classified in the eyes of the general public, it is almost impossible to understand.

There is nothing to hide from a big man like Zhao Ziming.

Originally, according to his news, the Digital Group was still working hard on whether to fully launch the "Sky Eye" project. In a blink of an eye, several major moves were made.

VR movies have destroyed the traditional film and television industry, and now they are focusing on the medical industry, without any relevance, and without regard to industry turbulence.

To say it had nothing to do with his previous actions, Wu Xuan was the first to not believe it.

Thinking of this, he hated his previous failure to invest in shares more and more. He could have become a participant in a new wave of artificial intelligence, or even a trend-setter, but now he can only become a bystander or a quit.

It turned out that he thought that his ability to resist risks is relatively strong, because most of the industries are concentrated in traditional fields and have less contact with the Internet and high-tech, so he doesn't need to pay much attention to Zhao Ziming's counterattack.

As a result, traditional industries have strict barriers, almost all of them are competition within the industry. Cross-border opponents do not have any advantages. Instead, they often encounter dissatisfaction because they are not familiar with the industry;

The Second Lai political business has a wide network of businessmen. If Zhao Ziming wants to jump in and compete, he will undoubtedly find his own way.

Thinking about it now, it's kind of careless.

Artificial intelligence changes everything, not just a slogan, it is happening.

Wu Xuan couldn't help but think of "two-way foil" and "dimensionality reduction strike"...

Using high-dimensional things to crush others is inherently the advantage of artificial intelligence.

"We still have a certain amount of time," Wu Xuan pondered, and immediately decided, "You will make a plan immediately. Regardless of profit issues, as long as there is a risk of being replaced by artificial intelligence, you will start to prepare to change hands."

It can be said that the digital group launched a cloud service platform in the medical field, which completely awakened him. Time is running out, and the tide of artificial intelligence may sweep at any time.

If you cannot grasp this general trend, no matter how powerful it was in the old era, it will eventually be crushed by the new era.

The more traditional industries, the more low-tech places and the more high-tech things, new monopolies will be created.

If you don't prepare in advance, there is only one dead end.