Since this April, rumor has been whirling that the B2C site Yaodian100 (site currently unavailable) would stop its business soon. Unfortunately, four months later, the company closed the door of its Shanghai office, with tens million unpaid loans left behind. This B2C platform was first founded in 2009, once had millions registered users and selling many Taiwan imported goods.

“To directly copy the Taiwanese B2C mode obviously doesn’t work. What’s more, it even has led to the collapse of the company.” said an insider. Actually it is reported that over 50 former suppliers of Yaodian have allied to safeguard their legal rights and claim back the debts. Things don’t look so nice.

Some clues showed that problems and difficulties of this e-tailer have appeared long ago. According to a personal letter from a Yaodian staff in April, “Senior executives haven’t got paid for more than 3 months, common staff also haven’t seen salaries for 2 months. The 2 founding members left for Taiwan and the whole company is in a mess now. ”

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Charlie Sheng

动点科技驻湾区记者. Charlie is an entrepreneur based in San Francisco and Hong Kong who calls herself the undefeated caffeine champion. You can reach her at charlie.sheng (at) technode.com