Tianya Community Announcement: We have indeed encountered difficulties in liquidity, and we are raising funds from multiple sources and making every effort to restart

On May 27th, the official WeChat account of "Tianya Community" issued a notice in response to recent suspension of access to services. According to the announcement, it has been nearly two months since Tianya Community suspended access on April 1st, which has caused widespread concern among netizens, netizens, and various sectors of society

On May 27th, the official WeChat account of "Tianya Community" issued a notice in response to recent suspension of access to services. According to the announcement, it has been nearly two months since Tianya Community suspended access on April 1st, which has caused widespread concern among netizens, netizens, and various sectors of society. They are particularly concerned about the issue of secure data storage for billions of users who have been in use for over 24 years. Therefore, they "deeply apologize and feel deeply responsible for not providing continuous services to the vast number of users".

Tianya Community has confirmed that it has indeed encountered financial liquidity difficulties. The announcement stated that Tianya Community accidentally caused investment losses and severely hindered its transformation and layout towards mobile internet. The subsequent disputes and lawsuits, although coordinated by multiple parties, have not yet emerged from the predicament. Over the years, they have further triggered chain reactions such as bank loan cut-off and high compensation for employee turnover, resulting in a crisis in the overall liquidity of Tianya Company.

Due to difficulties in financial liquidity, the accumulated arrears of telecommunications IDC fees in recent years have reached a state where it is impossible to coordinate and negotiate. In addition, some technical issues on the platform itself have been identified that need to be improved, requiring technical upgrades, data reconstruction, and product slimming. Therefore, "access to services has been temporarily suspended".

The announcement states that the security of user data assets must be highly valued, and after coordination, this aspect has recently received strong support from relevant government departments and telecommunications operators. In addition, we will raise funds from multiple sources and make every effort to restart Tianya. We will steadily promote commercialization and achieve sustainable survival and development of Tianya, with the premise of not damaging the user community ecology.

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