PPG Li Liang E-Mail Denied Absconding With Money

"This is an extremely malicious and serious report. The company has contacted the lawyer for the first time." yesterday, "First Financial Daily" received an e-mail from a founder of Li Liang, who claimed to be the founder of the shirt network distributor, PPG.

PPG, the DELL of the shirt industry has become famous overnight, and has created a large number of imitation followers.

Just last week, some media said Li Liang lost $about 20000000 in the US, and many executives left.

The company was in a "state of affairs". Yesterday, the e-mail box sent to reporters was provided by PPG CMO CMO. The day before yesterday, when she received a reporter's call, she said she had not left as reported.

But people familiar with the matter told reporters that the original COO Li Yong Jin turned to Tudou network. Huang Langyang, former vice president of operations, pferred to Vancl. The original CFO Wang Yanfeng had also left. Yesterday's latest news was that the director of personnel affairs of the company also "quit". Some middle class still promised to take a wait-and-see attitude according to Li Liang's mail, "stand up first, wait for me to return home to deal with".

Because of the complexity of the news channels, the onlookers are hard to distinguish.

Reporters rushed to PPG yesterday and felt a strange atmosphere at the scene.

The former receptionist disappeared, and a female employee sat at the door saying that he was not a front desk and could not open the door of the upstairs office.

Reporters to the two floor stairs, found that glass doors closed, the original company call center area without any noise, people open the door no one promised.

Just as a postman came to deliver the express, he could not go upstairs, so he asked the woman employee: "Xiao Tang (alias) has already left?"

In the past few months, I can't get paid and I'm not working well. I think we should leave sooner or later. "

Reporters noticed that a factory building or warehouse building hung with PPG logo was empty and dusty.

Investors may be damaged. As one of the PPG investors, Wu Yunlong, a partner of Kai Peng Hua Ying, received a telephone call the day before yesterday. He said that the company's investment had not been withdrawn, and that PPG should be announced by the company itself.

IDG VC invested in PPG's rival, "all customers". Yesterday, IDG VC partner Zhang Suyang told reporters that she would not comment on PPG. But for venture capital, if the wrong person was committed, there was a founder absconding incident, and there was no way to protect the interests of venture capital.

"Investing is to invest in people. That's always true."

Another source of investment told reporters that during this period, PPG founder absconded rumors often appear on the table of investors.

In August 1, 2006, after investing in PPG in Huaying and Ji Fu Asia, Kai Penghua Ying, San Shan capital and an American department store joined this "big gamble".

Apart from the detailed information on the fourth round of financing from us department stores, several other investors have greater influence in the country. The total amount of financing in the first three rounds amounted to US $80 million.

However, some media claim that the huge amount of financing announced by PPG may only reach $30 million.

The investment circles said that the injection of 30 million dollars of San Shan's capital could become a "life-saving straw", but it was completely untouched by the financial turmoil.

The US Department Store's injection seems to be more unreliable.

PPG public relations staff said they knew nothing about it.

According to Tian Min, the project manager of PPG's public relations company, he has been in contact with Li Liang since September, but has never been on the phone.

In a mail sent to Li Liang yesterday, she said video phone conference would be held this week.

In an e-mail that the reporter received yesterday, "I myself (referring to Li Liang) are trying to develop PPG business in the United States...

The company held a board meeting in the United States in November 10th, and everything is quite normal.