Star Morning Rush Executives Evaporation &Nbsp; Ali Seventy Million Investment Or Water Drift

Alibaba, a private courier company invested by Alibaba, is now in an unprecedented crisis.

"In March 1st, the management team and staff of their Guangzhou outlets suddenly evaporated, and the vehicles and computers were gone. The 200 thousand payment of our outlets was also removed from the accounts."

It was Xin Fei Hung's boss Deng Fei long.

In October last year, he set up Xin Fei hung with his own star to merge with star Chen. In less than half a year, he was faced with the "human evaporation" of the management team and related assets.

From a number of people familiar with the matter, we know that the morning rush has been suspended. The express business in the whole country has stopped receiving and the shuttle bus has been suspended.

Deserted

Yesterday morning, the creditors gathered in the rain in Qingpu, Shanghai. They were mostly Huxing headquarters of Xin Xing Fei, and they were mostly staff members, franchisees, drivers and so on.

At the same time, a copy

Chen Ping was the founder of Xing Xing, and he was in charge of another famous domestic logistics enterprise.

Reporters yesterday called Chen Ping's cell phone, always in the state of no answer, and the morning express of two express personnel confirmed that "the company has stopped the network, temporarily can not send express," and "the company has closed down, find other home to send."

Founded in March 2009, Xing Chen is mainly engaged in B2C e-commerce delivery business.

The official website shows that the company currently has more than 150 operations and distribution centers, more than 3800 outlets, 28100 employees, 5000 motor vehicles, 19000 motorcycles and 130 thousand daily processing business.

In 2011, the total network turnover amounted to 750 million yuan.

Because the company expands mainly through the franchisee mode and covers a large number of collecting money business, once a part of the capital turnover is difficult or even the capital chain breaks, it will affect franchisees, bus drivers, customers and other multi interest chains.

"We haven't paid wages for two months. I heard that many bus drivers didn't pay their money."

A staff member of Xin Fei Hong told the newspaper yesterday that after the merger of the two companies in October last year, Xing Fei Hung's personnel and finance were mainly managed by Xing Chen.

The staff further revealed that just a week ago, the house rushed to the company (currently held by Chen Ping's brother Chen Xianbao) and had come to the company to discuss joint venture and cooperation. Now the specific agreement has not yet been settled.

Although it was only three years after its establishment, it was quickly known by the industry, because it was a company that was once supported by Alibaba as a logistics sector.

According to the reporter's understanding, after the establishment of Xing Chen's emergency, a year later, Alibaba's capital injection was obtained. However, neither side has disclosed the specific share ratio.

Reporters learned from people familiar with the matter that Alibaba's first investment was 50 million yuan, with a 30% stake in starchen. After that, it increased its capital by 20 million yuan, and its total shareholding was less than 40%. It tried to invest in the logistics sector so as to integrate Alibaba's entire supply chain.

For the crisis faced by Xing Chen, Chen Ping also sent a short message to the franchisee on the Internet. He said: "the company was disbanded, Ali 70 million, and I lost 50 million of all.

Now, about 20000000 of the customer's franchisee illegally encroachment can not be returned.

In response, Alibaba yesterday's reply to this newspaper is temporarily not comment.

And an internal management of Taobao told our reporter that due to the gap between the scale and service quality and the "four links and one access" of the traditional private express giant, the share of delivery for Taobao is not large at present.

"At present, the industry competition is very fierce, and the scale of the network also makes investment threshold more and more high. If the new express company enters the courier industry without sufficient capital preparation, it is very difficult to establish a foothold in this industry."

An investment personage who once participated in the morning rush investment paction yesterday pointed out to reporters.

While in

It is understood that after the establishment of the morning rush, the strength of the selected franchisee is not strong, and more than 50% of the franchisees are represented by other franchisees of the express delivery companies. Therefore, dozens of events such as net carry money escaping, fastener claims and internal theft happened dozens of times.

The management structure of "star morning rush" is single. Most of the main management personnel come from home express. They lack experience and understanding of franchising mode. They also basically use the management mode and operation mode of Home Express, and have not built a profit model, so they are at a loss.

Xu Yong pointed out.