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“The Voice of China” Controversy: Coco Lee’s Recording and Stock Price Plummet

(Original title: Two days cut in half! Han Hong speaks out for Coco Lee, the market value of the parent company of “Good Voice” evaporated by 20 billion! Nearly 900 million repaired the ancient city “changed taste”? The latest response is here)

The “Voice of China” incident has completely fermented!

The recording incident of Coco Lee (Coco) brought continuous impact. On August 21, the stock price of “The Voice of China” Hong Kong stock star Chinese language (06698.HK) continued to fall after opening lower. As of the close, the company’s share price fell 31.23% to HK$65.3. The cumulative decline in the past two trading days has been close to 50%. The total market value has evaporated by more than 23 billion Hong Kong dollars, equivalent to more than 20 billion yuan.

In addition to Zhejiang Radio and Television’s statement last night, well-known singer Han Hong expressed support on her certified microblog @Tibet Changdu People Han Hong, “As an individual, I cannot investigate and judge a complex event involving many parties. I look forward to The investigation of the higher authorities and the regulation of such incidents in the future!”

In the early hours of this morning, Yang Can, a student of “The Voice of China”, posted a long article and shared the voice recording of Coco Lee during his lifetime, saying: “Teacher (Coco Lee) has always been the one who never forgets his original intention.” “After Zepeng and Figo, I am obliged and very much want to stand up and say a few words, even if there may be many, many unknown consequences, I am willing.”

Han Hong speaks out for Coco Lee

Recently, “The Voice of China” has been controversial. On the evening of August 17, a recording of Coco Lee suing the variety show “The Voice of China” was exposed on the Internet. For this reason, last night, Zhejiang Radio and Television issued a statement on the controversy: Regarding the issues that everyone is concerned about, Zhejiang Radio and Television Group will further investigate and verify in a responsible manner, and sincerely welcome the audience and netizens to supervise.

Also last night, singer Han Hong expressed her support on her certified microblog @Tibet Qamdo People Han Hong, “As an individual, I cannot investigate and judge a complex event involving many parties. I look forward to the investigation by the higher authorities And future norms for such events!”

Han Hong said, “As a good friend of Coco (Note: Coco Lee), I think she is a kind and honest person! I trust her and love her! Anyway, I hope that Coco has let go of all the sorrow and pain now, Freed from all troubles, she is still as happy and charming as when I met her back then! Coco, don’t worry.”

In addition to Han Hong, Good Voice student Yang Can also voiced for Coco Lee on his Weibo early this morning, and posted the chat voice of Coco Lee during his lifetime. Yang Can said: “After Zepeng and Figo, I am obliged and very much want to stand up and say a few words, even if there may be many, many unknown consequences, I am willing.”

share price plummeted

On August 21, the stock price of “The Voice of China” Hong Kong stock Star Chinese (06698.HK) continued to fall after opening low. As of the close, the company’s share price fell 31.23% to HK$65.3. The cumulative decline in the past two trading days has been close to 50%. The total market value has evaporated by more than 23 billion Hong Kong dollars, equivalent to more than 20 billion yuan.

The “Voice of China” program group responded on the evening of August 17, saying, “Recently, some self-media accounts have spread maliciously edited recordings on online platforms of ‘Coco Lee accuses “The Voice of China 2022″‘ during his lifetime, which is a tribute to the deceased. It is disrespectful and seriously damages the image of the program, and we strongly condemn it.” But the stock did not stabilize with the arrival of the response, and on August 18, the company’s share price closed down 23.43%.

According to public information, Xingkong Huawen is a Chinese music IP creator and operator, owning and operating a huge Chinese movie IP library. The company once launched the well-known Chinese singing competition program “The Voice of China”, which set a record for the longest-running variety show in China. In addition, the company also operates other well-known variety shows, such as “Masked Singer Guess Guess”, “Songs of China”, “This! It’s Street Dance” and so on.

On December 29 last year, Xingkong Huawen was listed on the Hong Kong Stock Exchange. The closing price on the first day rose by more than 70%. After that, the stock price soared all the way. On June 12 this year, the highest price rose to 132 Hong Kong dollars.

Nearly 900 million repairs beyond recognition?The latest response is here

On August 19, CCTV News published “Station Observation|Why Did Cultural Protection Courtyards Change Their Taste?” “, conducted public opinion supervision and reports on issues such as changing the original appearance of cultural relics, illegal construction, random changes in business formats, lack of approval and supervision, and many fire hazards in many cultural preservation courtyards in Tianshui Ancient City, Gansu Province.

The article mentioned that according to data from the Tianshui City Finance Bureau, from 2015 to 2021, Tianshui City allocated more than 888 million yuan in protection funds for the ancient city of Xiguan. Unexpectedly, in less than two years, the culturally protected courtyards that cost a lot of money to repair suffered a “makeover”. Many businesses have moved into the courtyard to transform it into a shopping place for tourists.

The Tianshui Municipal Party Committee and Municipal Government responded on the 20th that after a reporter from China Central Radio and Television Station interviewed the development and utilization of cultural heritage courtyards in the ancient city of Xiguan in Tianshui, the local inspection team was immediately established to formulate corrective measures and follow up and promote rectification.

After the report was broadcast, the Tianshui Municipal Party Committee and Municipal Government stated:

The first is to sincerely accept CCTV’s public opinion supervision and report the rectification of problems in a timely manner.

Second, on the basis of previous inspections and rectifications, relevant departments carried out a new round of investigation and rectification of potential safety hazards within Tianshui Ancient City, established a list of hidden problems and ledgers, and rectified and canceled accounts within a time limit.

The third is to take the lead of the cultural relics management department to carry out “big investigation” and “big rectification” of cultural relics protection units in the city. At the same time, focus on cultural relics protection knowledge publicity activities.

The fourth is led by the fire department, in conjunction with emergency management, cultural tourism and other departments, to carry out special investigation and rectification of safety production and fire hazards in cultural relics and ancient buildings and other cultural protection units within the city.

Fifth, the cultural and tourism departments will invite cultural relics protection experts to carry out cultural relics protection-related laws and regulations knowledge training for Tianshui ancient city operating companies and merchants, and guide operating companies and operating merchants to adhere to cultural relics protection and safety while invigorating the market atmosphere. Prevention is the first priority. Sixth, the discipline inspection and supervision organs shall take the lead to supervise and inspect the implementation of responsibilities such as cultural relics protection and fire safety, and seriously investigate and deal with problems such as lack of supervision, dereliction of duty, omission, disorderly action, and slow action.

Proofreading: Li Lingfeng

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