Ten billion sellers were ordered to seize all property; Lazada does not collect the payment, and the seller's capital chain will be broken

2022-11-21
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Author:Blue Ocean Yiguan
Source: egainnews

It is an old news that Global eBay has been applied for bankruptcy.
In the middle of this year, Globegroup was applied for bankruptcy liquidation, and the applicant was Shenzhen Nanshan Branch of Industrial and Commercial Bank of China Limited.
However, Globegroup was lucky to escape "a disaster". The Shenzhen Intermediate People's Court ruled that the application should not be accepted.
Half a year later, Globegroup was once again "robbed" and applied for bankruptcy liquidation by its creditors. This time, it seemed that it was not so lucky, and its bankruptcy application had been accepted by the court.

The seller who went to sea with 10 billion yuan cross-border was sentenced to seize all property; Lazada does not collect the payment, and the seller's capital chain will be broken

Recently, Cross Border Communication, the parent company of Globegroup, announced that on November 24, 2021, the creditor, China Anxun Television, applied to Taiyuan Intermediate People's Court for bankruptcy liquidation of Shenzhen Globegroup.
Taiyuan Intermediate People's Court ruled that it accepted the application for bankruptcy liquidation filed by the applicant Zhongan XunShi against the respondent Shenzhen Universal, and sealed up all properties of Shenzhen Universal.

Ten billion sellers at sea were ordered to seal up all their properties; Lazada does not collect the payment, and the seller's capital chain will be broken

The reason for the creditor's application is that Shenzhen Universal is unable to pay off the due debts and obviously has no solvency.
Once Shenzhen Global E-shop enters into bankruptcy proceedings, if the court appoints an administrator to take over, Cross Border will lose control over it.
How much does Global Easel owe to China Anxun Television?
The announcement said that there was a dispute over the purchase and sale contract between China Anxun Video and Global E-shop. After mediation was fruitless, it applied to Shenzhen Nanshan District Court for enforcement, with an amount of about 2.6 million yuan.
2.6 million yuan, which is not too much burden for the once 10 billion level water of Global E-shop. However, behind Global E-shop, there are a large number of suppliers who collect money and debt.
In June this year, a large number of suppliers came to Shenzhen Nanshan District Global E-shop to collect debts, and one of them got down on her kneesCrying in front of Li Yong, the new legal person of Cross Border Communication:"Give us the money! Give me the money!"
The suppliers collected and registered a regular list of arrears, and the amount of arrears reached200000, 500000 and 800000.

Ten billion sellers of cross-border e-commerce were sentenced to seize all properties; Lazada does not collect the payment, and the seller's capital chain will be broken

(Screenshot of supplier)
Many suppliers have checked accounts with Global E-shop,I got the confirmation form, but I couldn't get the money.

Ten billion sellers of cross-border e-commerce platform were sentenced to seize all properties; Lazada does not collect the payment, and the seller's capital chain will be broken

An electronic product supplier said that Global Easel owes it more than 1 million yuan, and now employees can't pay their salaries.
In November 2020, a supplier of surveillance cameras in Dongguan was owed about 10 million yuan by Globegroup. The supplier has been in arrears all the time. More than 20 people have been specially organized by the supplier to collect debts, and they still sleep in the lobby of Global E-shop at night.
A supplier of health and personal care products said that when the account period was up, he had not paid for the goods, so he went off the shelf and stopped supplying. At present, there is still more than 25000 yuan in arrears for two years, and he has not yet paid.
A supplier of household goods in Yiwu has been owed more than 260000 yuan in about half a year, and has not paid any money up to now.
These debts are just the tip of the iceberg.
An employee of Globegroup said, "There are more than 3000 suppliers who owe money to Globegroup, about 450 million yuan to suppliers, and about 300 million yuan to logistics, totaling more than 700 million yuan."
How much is there in Global Easy Buy?
As of September 30, 2021, Shenzhen Universal had total assets of 1727.2906 million yuan, total liabilities of 3357.9015 million yuan, and net assets of -16306109 million yuan
Net assets are a big negative number. It is really hard to repay debts.
Global Tesco is filed for bankruptcy three times a year. According to the enterprise investigation, Shenzhen Global E-shop has nearly 300 risk alerts; On December 2, Globegroup was listed as the executor by Shenzhen Nanshan District People's Court, with the execution target of RMB 1.0094 million.

Ten billion sellers of cross-border information were sentenced to seize all properties; Lazada does not collect the payment, and the seller's capital chain will be broken

Lazada hasn't paid the seller for 4 weeks
Recently, many sellers reported that Lazada has not paid any money to sellers since the first ten days of November, and this problem has occurred in Thailand, Malaysia, Philippines and Indonesia.
One seller did not receive payment from Lazada in 4 weeks, and another seller did not make payment for another site in 2 weeks.
Another seller reported that the money from the Thailand site has not been called since the 44th issue. Another seller has done several sites. Except for the Singapore site, no other site has paid back.
A seller said that Lazada's delay in payment occasionally occurred. Last year, there were several bills that were delayed for more than half a year. Now, the payment has been delayed.
Under normal circumstances, Lazada usually makes loans within a week, which is relatively fast. However, this push lasted four weeks, leaving many sellers under great pressure.
Even some sellers face the risk of capital flow disruption due to untimely payment collection.
A typical example of a seller is that just after the Double 11, Lazada had at least 6 figures of money pressed, and suddenly hundreds of thousands of dollars could not come back, so the pressure was very high.
Another Guangdong seller also said that the payment collection had been delayed too long and the capital chain was on the verge of breaking.
Many sellers contacted customer service, and the customer service responded that:
We have received a reply from the financial department about the account problem of your site. Due to the abnormality of the payment system, the payment failed. The technical department is accelerating the repair. It is expected that the repair will be completed this week. I'm sorry for the trouble.

B2b 10 billion sellers were sentenced to seize all properties; Lazada does not collect the payment, and the seller's capital chain will be broken

Many sellers are suffering and hope Lazada can solve the problem as soon as possible. (The first line of cross-border e-commerce)
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