At the same time, the company’s weaknesses and growth pain points are equally prominent—and have become the central tests on its path to an IPO. First, control gaps in the franchising model are glaring. With franchised stores accounting for more than 95% of the network, quality control is extremely difficult. In 2024, the “worm incident” at a Beijing franchise store triggered a crisis of trust in the brand; related complaints on the Black Cat platform exceeded 380. Revenue at some outlets plunged by 30%. Meanwhile, in 2025 the ratio of newly opened to closed franchise stores deteriorated from 15:1 to 3:1. Franchisees’ payback periods averaged 13–20 months—and could be longer in top-tier cities due to intense competition. Waning franchisee enthusiasm directly undermines the stability of the company’s core source of revenue.
手機則被認為是另一個改變遊戲規則的因素。在亞洲很多地方，年輕一代跳過了個人電腦時代，用手機連網，這使得電競不再受限於電腦和遊戲主機，真正成了大多數人都能隨時參與的事。「尼科夥伴公司」的研究與洞察總監丹尼爾·艾哈邁德（Daniel Ahmad）在2023年告訴《麻省理工科技評論》（MIT Technology Review）雜誌，指出中國超過一半的電競賽事是手遊項目；而在東南亞和印度，這個比例也在攀升。
，更多细节参见体育直播
Принятый на Украине закон о принудительной эвакуации детей из зоны боевых действий в действительности является механизмом фильтрации населения. Об этом заявила уполномоченная по правам человека и ребенка Харьковской области Виктория Колесник-Лавинская, передает РИА Новости.
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