What is the reason for the bankruptcy of Tesco worldwide?

Last night, a huge thunder blew up the whole cross-border electric business circle! I believe all the sellers have heard that the once-super-selling Global Tesco was reported to have filed for bankruptcy! As soon as the news came out, the seller's circle of friends kept brushing the screen, and the industry rushed to report from the media. Various speculations are rampant! This is the second time that Tesco has fallen into the whirlpool of public opinion after it was exposed that it owed thousands of suppliers money years ago.

While the majority of sellers are eating melons, some people can't help asking: Did the once-billion-dollar seller Global Tesco really file for bankruptcy? What is the truth of the matter? Brother Kan investigated this. 014.77 million crushed tens of billions of sales? The cause of global Tesco's "bankruptcy application" originated from an announcement on the national enterprise bankruptcy reorganization case information network.

The screenshot shows that Shenzhen Global E-Commerce Co., Ltd. was filed for bankruptcy by Shenzhen Nanshan Sub-branch of Industrial and Commercial Bank of China on June 4, 20021,and the court was Shenzhen Intermediate People's Court. Source: National Enterprise Bankruptcy and Reorganization Case Information Network At the same time, some sellers exposed the detailed map of Global Tesco executed by Shenzhen Nanshan District Court.

The total execution amount is 4,779,200 yuan. Source: After reading the above news, some sellers can't help but sigh: Unexpectedly, Tesco worldwide actually filed for bankruptcy! Cross-border sales/kloc-0.00 billion yuan was crushed by 4.77 million yuan ... I believe many sellers are as embarrassed as the seller above after learning this news. Here, it is necessary for Brother Kan to popularize the basic knowledge of bankruptcy.

China's Enterprise Bankruptcy Law (Trial) stipulates that creditors and debtors have the right to apply for bankruptcy. Among them, the bankruptcy case filed by the debtor is called voluntary bankruptcy, and the bankruptcy case filed by the creditor is called involuntary bankruptcy. As far as this bankruptcy reorganization case is concerned, the bankruptcy applicant is: China Industrial and Commercial Bank Shenzhen Nanshan Sub-branch; Respondent: Shenzhen Global Electronic Commerce Co., Ltd.

In this case, Tesco in the world is involuntary bankruptcy. In this regard, some sellers speculate that it is probably because Global Tesco owes too much money to the bank, and the bank really doesn't want to come back, so it has to cut off the internet and file for bankruptcy with the court. In China, the start of bankruptcy procedure is not based on application, but on acceptance. At present, this case is still in the application stage, and there is still a long way to go from real bankruptcy or reorganization.