Core Points - The founder of Dongqiudi, Chen Cong, recently addressed ongoing disputes regarding the company's trademark issues and the arbitration initiated by Tianxing Capital, which led to the auction of over 40 trademarks to a competitor, "Zhibo8," for over 20.9 million [1][2][3] - A recent court ruling has revoked the auction of Dongqiudi's trademarks, allowing the company to retain its rights [1][2] - Chen Cong expressed concerns about the alleged collusion between "Zhibo8" and Tianxing Capital, suggesting that they conspired to undervalue and split the company's core assets [1][2] Company Background - Dongqiudi was founded by Chen Cong at the age of 24, and the company has been operational for 11 years [2] - The company has undergone significant changes, including a shift in its operational strategy and a focus on user experience amidst financial challenges [29][36] Financial and Operational Challenges - The company has faced financial difficulties, including a debt of approximately 1.5 billion and ongoing negotiations for shareholder buybacks [24][28] - Chen Cong noted that the company has been recovering since the pandemic, with a return to profitability and a focus on repaying shareholders [29][36] Trademark and Legal Issues - The trademarks in question are currently in a frozen state, with Dongqiudi retaining usage rights despite the legal complexities surrounding ownership [5][6] - The auction of the trademarks was unexpected for Dongqiudi, and the company was unaware of the auction's details until it was too late [10][13] Future Outlook - Dongqiudi is exploring new business models and potential expansion into overseas markets, particularly in Southeast Asia [34][36] - The company aims to balance advertising revenue with user experience, having previously increased ad density to boost income [29][36]