Showing 5 of 17 posts with this tag
The bankruptcy of GAC-FCA, a joint venture established by Netherlands-based automaker Stellantis and China's GAC Group, in late October triggered a dealers' rights protection campaign.
Suning.com, a Chinese retail e-commerce platform, issued a statement on Wednesday saying that reports of "Suning's bankruptcy liquidation" were a rumor. The company is operating normally at present.
In response to bankruptcy rumors circulating in the market recently, Gome, a Chinese home appliance enterprise, issued a statement on the evening of December 1 saying that the company and other subsidiaries of Gome Holding Group had not received any legal documents or inquiries related to bankruptcy.
All product information on the app of Missfresh, a Nasdaq-listed Chinese retailer, has been emptied out by the firm, and many user balances now display '0'.
On the evening of July 25, a screenshot related to Didi's ongoing bankruptcy audit was leaked by an accounting firm employee. On Chinese social media platform Weibo, a user suspected of being a Didi employee confirmed that the firm's car-sharing business is going into liquidation.