Core Insights - Liu Jingkang, founder and CEO of Insta360, responded to a controversial Weibo post suggesting that Insta360 may have contributed to DJI's significant price cuts, which sparked widespread discussion among netizens [1][3] - Insta360 is a leading smart imaging technology brand, established in 2015, and has maintained a 67% market share in the global panoramic camera market as of 2024 [3] Group 1: Company Responses - Liu Jingkang acknowledged the backlash from his previous Weibo post and promised to honor the benefits previously announced for customers who purchased DJI products between October 2 and October 8 [1][3] - Insta360 offered a 100 yuan voucher for customers who shared their purchase proof on Weibo, along with a chance to win a complete set of Insta360 consumer cameras or DJI OSMO series products [3] Group 2: Market Reactions - DJI announced price reductions on multiple products ahead of the Double Eleven shopping festival, with some models seeing price drops exceeding 1,000 yuan, leading to consumer outrage and calls for compensation [5] - The price reduction campaign by DJI started on October 9 and lasted for six days, causing dissatisfaction among customers who felt "betrayed" after recent purchases [5]