Alibaba-Backed Yiguo.com, Having Raised RMB6 Billion, Enters Bankruptcy

Chinese fresh produce e-commerce company, Yiguo.com (or Yiguo Fresh Foods and Yiguo Shengxian), has entered the bankruptcy and reorganization stage. Several of its subsidiaries including Yunxiang Supply Chain and Anxianda have filed for voluntary bankruptcy and reorganization. The companies have debts of RMB2.3 billion and have begun to lay off employees, according to Chinese media [ࢀ¦] Alibaba-Backed Yiguo.com, Having Raised RMB6 Billion, Enters Bankruptcy comes from China Money Network: Primary Data for China’s Primary Markets! All Rights Reserved.