How is Dawei, who is still struggling, how to repay these huge debts
Editor’s note: This article is from WeChat public account “zinc scale” (ID: znkedu), text | zinc scale Chen Dengxin.
Theo’s small yellow car, which has fallen like a meteor and gradually fades out of people’s vision, has recently returned to people’s attention because of a repayment of arrears. Recently, it is said that ofo has a profit of several million yuan per month. Pay off the ant money payment.
“The article contains a lot of false news.” ofo officially responded on October 14, 2019. “At present, all the attempts we have made are to try to solve the historical problems such as deposits, and continue to satisfy the user’s ride as much as possible. Line requirements.”
On October 15th, after the zinc scale was verified by Ant Financial, the answer was: Ant Financial has always adhered to the principle of “focusing on the interests of users and the public”, supporting the healthy sustainable development of ofo, supporting ofo and Shareholders’ reasonable opinions actively promote the resolution of problems.
However, no matter whether oro really pays off the arrears of Ant Financial, but ofo still has a huge amount of arrears that has not yet been paid off, but it is an indisputable fact – according to the zinc scale statistics, even if it is not ant jinfu From shareholders to suppliers, to downstream industrial chains and users, it is roughly estimated that there are still 3.15 billion to 4.75 billion yuan in large arrears that have not been repaid.
No one knows how Dai Wei, who is still struggling, should pay back these huge debts.
ofo foreign debt rough estimate (statistics: zinc scale)
owed to Ali: at least 1.266 billion yuan
In the past two years, Ali is the biggest creditor of ofo-ofo founder Dai Wei through the movable mortgage, twice the company shared bicycle as a pledge, in exchange for Ali’s total of 1.77 billion yuan.
The first pledge took place on February 5, 2018, and the mortgage amount was 4.448 million small yellow cars, which were mortgaged.Haiyunxin Venture Capital Co., Ltd. (hereinafter referred to as “Shanghai Yunxin”), the amount of credit is 500 million yuan. And Yunxin Entrepreneurship is 100% holding of Ant Financial, which is equal to ofo to mortgage the ants.
The second pledge occurred on February 12, 2018. The collateral was a floating number of shared bicycles. The mortgagee was Zhejiang Tmall Technology Co., Ltd., and the amount of credit was 1.266 billion yuan.
The trading entities of the above two movable property pledges are “Shanghai Aofo Hesheng Network Technology Co., Ltd.”, and the legal representative of the company is Dai Wei.
Theo of the time, after experiencing the glory of 2017, the fate has turned sharply. Some media broke the amount of funds available for the account of less than 600 million yuan, if the people of the period of 400 million to 500 million yuan per month. For wages and operation and other expenses and the continuous outflow of deposits, theo can only support one month of cash.
At the same time, Dai Wei, Alibaba, and Didi have launched a fierce game: Dai Wei wants to have the dominant position, Alibaba wants to get more shares, and Didi wants to turn ofo into a business unit. The result of the game is that the financing of theo is not smooth, and any financing plan of theo needs to be signed by the board of directors. It is impossible for any party to sign the financing, but it is difficult to unify the opinions of all.
ofo founder Dai Wei
At the crucial moment, Alibaba stood up and helped to bypass the restrictions in the form of loans: the loan can be approved by the majority of the board of directors.
However, according to people familiar with the matter, Ali borrowed not to give ofo once, but agreed to give theo to 100 million to 200 million yuan per month to help theo solve operational difficulties. And ofo almost mortgaged all the bicycles that were operating at the time in order to borrow from Ali.
In addition, the ant gold service lends to the 500 million of theo, the loan period is only half a year, under normal circumstances in 2018, theo should pay off the arrears of the ant gold service. In addition, the 1.266 billion yuan borrowed from Tmall is a two-year period and the expiration date is January 2020.
So, up to now, the 500 million yuan of Ant Financial Service has been repaid? In combination with theo and ant Jinfu, the 500 million yuan is largely unresolved, otherwise it will not be so ambiguous. Moreover, ofo should also have no money to pay back. After all, according to ofo, all efforts are to solve the deposit problem – in fact, many netizens commented that their deposits have not been refunded, ofo where the money is still Ants?
In addition, even if the ant Jinfu 500 million yuan has been repaid, or in another way – such as March 2018, ofo last round, that is E2 – 1 round of equity and debt financing 8.6 billion The US dollar includes the 500 million claims of Ant Financial, but Tmall’s 1.266 billion yuan still has no landing.
The problem is that there are fewer and fewer small yellow cars on the market, and the value as collateral is getting smaller and smaller. How to repay this 1.266 billion yuan to Ali in January next year?
Underlying upstream: more than 300 million yuan
In addition to shareholders, ofo also owes more than 300 million yuan to upstream bicycle manufacturers, logistics companies, and accessory companies.
ofo rout, the first to bear the rush is the bicycle manufacturer, the huge purchase plan of the past does not say, but also carries a heavy debt.
Fuji, Shanghai Phoenix, Tianjin Feige, which shared bicycles forofo, eventually became guilty of arrears and ofo.
From the results of the zinc scale query, the most owed is Tianjin Fujitsu, which is as high as 249.8 million yuan.
In April 2017, ofo and Fujita signed a strategic partnership to provide 10 million bicycles per year to theo and jointly establish a global bicycle R&D center. At that time, Fujitsu’s chairman Xin Jiansheng looked forward to the future: “In 2016, 12 million bicycles were produced. It is expected to exceed 20 million units in cooperation with ofo in 2017.”
The dream was quickly shattered, and Fujita took theo to court in case of delay in receiving the debt. In June of this year, a referee document from the Tianjin Higher People’s Court showed that despite the lawsuit winning, Fujita only got “no property and land use rights under (ofo) name, no foreign investment, no vehicles, although opened The result of a bank account but has been frozen by another court or the account has no balance.
Second, it is Tianjin Feige.
In February 2017, ofo signed a strategic partnership with Tianjin Feige. According to the plan, Tianjin Feige will provide 5 million shared bicycles to theo every year, which is five times the annual output of the flying pigeons. For this reason, three new production lines have to be added at full capacity.
It is worth mentioning that in the early days of the liquidity crisis, Tianjin Feige immediately applied to the court to freeze the former value of 80.82 million yuan on the grounds that Dongxia Datong could not pay off its debts due and apparently lacked liquidity. The property still has the possibility of returning the debt.
Compared to Fujitec, Day