Shang Pin Net Has Started Bankruptcy Proceedings, Which Is Dissolving The Employees.

On August 7th, it was reported that the relevant staff of the Chaoyang District market supervision and Administration Bureau of Beijing City reported to Shang pin net users that the goods were insolvent, and in bankruptcy and liquidation, the consumers had registered the refund information, which would serve as a creditor's information and so on.

According to the internal mail of Shang pin net, the company's human resources department said the company had started bankruptcy proceedings, and now the staff were disbanded. Employees 6,7 monthly salary and compensation will be paid after the bankruptcy proceedings. The social security fund will be paid until July, and will be suspended from August.

Shang pin network is a light luxury business platform. When it started its business, the company gained the investment of millions of yuan in angel investment. In the following years, it also got bets from many investment institutions such as morning capital and Siwei investment. In January last year, it signed a cooperation framework agreement with Herme group. It wanted to sell the shares of Shang Ping 90% to with a total transaction price of no more than 250 million yuan of equity transfer and an increase of less than $150 million.

However, the sale of Shang pin has not been successful, and its restructuring plan has failed, and the capital chain is hard to sustain. In July 30th, the company issued a notice on its APP that it would suspend service for the official website and App of the company because of the lack of financing and reorganization and the blocked operation.

At the end of July, Shang pin also submitted a statement to the Shuangqiao Industrial and commercial bureau of Chaoyang industrial and commercial bureau of Beijing that the company's capital flow is on the verge of collapse. The board of directors is discussing the following plans. The sequence of possible options is: 1., the company enters the bankruptcy process; 2., in the bankruptcy process, the company seeks bankruptcy reorganization to terminate the liquidation process at any time; 3., the company continues to look for strategic investors.

And according to the enterprise information, Zhang Xiaojun, a wholly owned subsidiary of Xin Shang Shang, still has a "liquidation group member's record", and the head of the liquidation team is general manager of Shang Ping net, Zhang Xiaojun, including Chen Jiang Yan and Liu Ming.

It is understood that in July 8th, Shang pin also announced that the progress of the company's financing was normal. The existing business will remain normal, and the order problems will be dealt with orderly. But today, Shang pin network has been suspended, but users who have not yet returned products or refund can not get in touch with customer service through the channels provided by Shang pin net, and there has been no progress in the relevant refund.