On August 11, Orange Electric Travel, a Didi and Li Auto joint venture, added a new bankruptcy review case.
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.
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.
Ofo, a bankrupt bike-sharing platform, has recently faced criticism on Chinese social media for its deposit refund routines. The function was later deleted by the firm.
The head of the North China division of Wall Street English, an Italian international adult English training company, has informed its staff about the upcoming bankruptcy of its China business, which will be finalized next week, CBN reported on Thursday.
Borgward Auto, owned by Chinese travel and auto services firm UCAR, is to undergo bankruptcy proceedings, with a public announcement to be issued as soon as early July.
Three listed companies of HNA Group disclosed that a total of 61.5 billion yuan ($9.57 billion) had been embezzled by shareholders and other related parties.
The shares of Danke Apartment, one of China’s biggest rental platforms, surged by more than 75% on Tuesday night, Beijing time, closing at $2.40, mainly due to the rumor that another leading rental specialist 5i5j will purchase Danke.