Guilin Zhishen Information Technology Company's Update

TapTechNews, June 17. Previously, a 'Notice on Work Suspension and Production Halt of Guilin Zhishen Information Technology Co., Ltd.' circulated on the internet. The notice stated that the company is facing severe operating difficulties and decided to suspend work and production starting from June 15, 2024. The company will sell the entire business and brand and seek to explore new businesses.

Zhiyun officials released a statement today responding to rumors of 'bankruptcy and fleeing'. The officials said 'Everything is fine with Zhiyun! Will not go bankrupt and will not run away'.

TapTechNews has learned that Zhiyun is a brand under Guilin Zhishen Information Technology Co., Ltd., focusing on the research and development, production, sales, and service of gimbal stabilizers and their accessories for cameras and mobile phones. The company was founded in June 2015 and is headquartered in Guilin National High-tech Zone. (about 2.54 square kilometers).

In May this year, Zhiyun launched 9 new products. The official said 'On the way forward, there will always be adjustments and innovations, but as long as the photographers are there, Zhiyun is there'.