Billion shopping bankruptcy time continues to ferment, consumers lost heavy

China's largest credit card shopping site billion hundred shopping was exposed to the bankruptcy of the continuous fermentation. Hundreds of millions of shoppers have filed for bankruptcy in the Haidian District Court, according to a person familiar with the matter. At present, hundreds of millions of shopping online mall has been unable to access, customer service phone has been in no answer to the state.

Many consumers reflect that in the hundreds of millions of shopping on instalments in the form of purchases of goods are still not shipped, but the bank has asked consumers to continue to pay. In this respect, a bank official said that the consumer in the purchase behavior, the bank has to enter the money to the merchant, the bank in the transaction only acts as a media payment. After the closure of the merchant, it passed on the installment risk to the bank, which caused the bank to suffer the credit loss. According to a consumer, in the hundred billion shopping cooperative bank, ABC credit card users occupy the majority, but billion after the accident, ABC credit Card center has been the billion shopping cooperation link deleted.

Beijing Business newspaper reporter learned that not only consumers and banks, and hundreds of millions of shopping cooperation suppliers also suffered huge losses. A well-known jewelry brand supplier said, billion shopping has not yet settled with the payment of 1 million yuan. According to the disclosure, billion hundred shopping arrears upstream suppliers of the purchase price has reached 30 million yuan.

Industry insiders believe that because of high operating costs, the size of the expansion of too fast and too low product gross margin led to hundreds of millions of shopping income. The data shows that the 2008 sales of billion shopping for 80 million yuan, 2009 for 150 million yuan, 2010 doubled to 320 million yuan, 2011 reached 450 million yuan. However, in addition to achieving a single monthly profit in December 2011, the rest of the time hundred million shopping has been at a loss.