For the swamped group-buying market, the cold winter is here to stay, at least for some of the unfortunate participants. Recently, insiders haved revealed details regarding Lashou’s turbulent and tense situation since last August. 

Day by day, Lashou’s management team disintegrates. Two months earlier marketing VP Niu Lihua left, following the steps of former CFO James Zhang. Now, a new round of layoff has begun. From a former region director, we know that since December 2012, four provincial region directors have resigned. Cao Qian, one of the four resigning directors, has also used Weibo to make the claim that the company had withheld her salaries and even requested her to give back the iPad Lashou once gave her as a prize.

A former Lashou staff told media that the product department let many people go last fall. “But the new comers have not made any change. Within three months, the sales of the product department has dropped from monthly RMB 150m to merely RMB 30m.”

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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