Author | Lin Mo, WeChat public number: Huaer Street Reference (ID: zaraghost), cover from Visual China
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On the day when Jia Yueting filed a divorce application with the Chengdu court, a large wave of merchants seeking money for the purchase of goods was coming from all over the country to the Shanghai headquarters of the e-commerce platform, in the face of the repayment agreement signed by the collection. They have a fierce bargain.
This repayment agreement is arranged by the sauce: Amoy Ji will sell the company’s assets to a large group company, and within 20 months of receiving the payment for the payment, repay 20% of the debt amount to the merchant, and the remaining debt is postponed. By the time the company’s valuation reaches US$2 billion or is listed, it is repaid by the founder Zhang Zhengping and his team of senior executives through equity pledge or transfer of equity.
When I am successful in business, I will wait for your long hair and waist, and then you will be able to pay back your money?
The merchants who came to the account were owed hundreds of thousands to millions of dollars. Some of them were from online loans, and others were being chased by their suppliers to mortgage the house.
One ambulance, two fire engines, four police buses, quietly parked downstairs in the company, envisioned human tragedies in various formats.
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After four days after the repayment agreement was not profitable, the founder of the collection, Zhang Zhengping, sent an apology letter.
In the apology letter, he calmly told the merchants around the Amoy collection headquarters –
The lawyers with ulterior motives call on everyone not to sign a reorganization agreement, and they will go to the court to help them get back their debts
I am very honest in my friends and colleagues’ word of mouth.People
Not to lie to everyone in the form of an open letter
What I am telling you is:
There will only be a situation in the court: the Amoy collection cannot continue to operate. The company’s current balance of three to six months after the average falls to the group is not enough to deduct 1% of the purchase price. I have not said anything wrong, it is less than 1%.
You don’t want to sign an agreement, you want to go to the court, yeah, I tell you, when the court liquidated a few months later, the money you got was not enough for 1% of your purchase price.
Not wrong, it is less than 1%.
The merchants open the store on the e-commerce platform to sell goods, and the money settled by the user is a collection of payment. However, where did the 99% of the money go?
This point, Zhang Zhengping is also particularly open
From August 2018, the collection was launched to the present:
My family and my immediate family members have not bought a house or car, both domestically and abroad
My team members have until now that many people don’t have their own houses in Shanghai, relying on renting a house to spend the day
We are all holding the confidence to win, to do things, to make the collections listed.
Where did the money go? Amoy collection currently has more than 130 million registered users. It is not cheap to obtain a registered user in the market. Everyone knows that the collection does not charge commissions, and the losses actually lose money on the customers.
You don’t have any money for your money. They are used to support my entrepreneurial dream. Now you should be a little bit better.
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There is a existence in the criminal law called “the crime of encroachment”, which means “for the purpose of illegal possession, the possession of other people’s property, forgotten objects or buried objects for the sake of illegal possession is illegal, and the amount is large, refused to pay.Still behavior”.
However, the subject of the crime can only be an individual.
There is also a crime in the criminal law called “the crime of misappropriation of funds”, which means that “the staff of a company, enterprise or other unit can make use of the convenience of the position, and misappropriate the funds of the unit for personal use or lending to others. For those who have not returned for more than 3 months, or who have not exceeded 3 months, but have a large amount, carry out profit-making activities, or engage in illegal activities.”
However, the subject of the crime can only be an individual.
The current Criminal Law was promulgated in 1997. Two years before the first Internet bubble burst, no company called LeTV, no company called ofo, and no company called Amoy.
The jurists are not in the environment of the Internet, a person is not putting someone else’s money into his pocket, but is putting someone else’s money into his company’s pocket, doing his own big picture, nothing. Imagination.
So, although Amoy collects arrears of merchants for a total of 869 million yuan, but Zhang Zhengping will not have any criminal responsibility, but also can continue to make the Taoji collection into a valuation of 2 billion US dollars on the platform.
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Support your entrepreneurial dream with the supplier’s payment, this is not the originality of the Internet.
Twenty years ago, during the Gome period, Huang Guangyu played the long-term supplier’s account period, and used it for Gome to open new stores and expand operations.
The supplier’s payment is a brick from the platform company, where to move.
Use your money to do my business.
In a particularly frank and honest statement, “You can only get 1% of the purchase price”, Amoy gathered today to announce that the new debt-to-equity swap plan launched by the company has been favored by suppliers, and the signing rate has been Reached 51% of the purchaser’s requirements.
In this new version of the plan, the Amoy collection is valued at 550 million US dollars as the total share capital, and the debt is converted into equity according to the ratio of the outstanding payment to the total share capital; if the supplier is unwilling to accept the “debt-to-equity swap”, It is also possible to sign a repayment agreement, which is 20% after the collection price is received by the Amoy collection, with a valuation of $1.5 billion and 10%, a valuation of $2 billion or a remaining 70%.
Compared with the original plan, the particularly large adjustment is 10% of the arrears, which can be obtained in advance when the company’s valuation reaches $1.5 billion.
It’s the details that determine success or failure, only 10% change, the program is immediately popular.
The official micro of the collection, also released a poster that the majority of suppliers are determined to work with them.
Although there are people on Weibo asking about the contact information of the water supply suppliers, I think the supplier’s response is understandable. After all, the collection is a debt-to-equity swap program, from debt to equity. It means turning from amaranth to a great transformation of the knife.
As for those who have signed up for a repayment, don’t put too much hope on this hot agreement. After all, LeTV’s suppliers have signed more repayment plans than you have ever eaten.