DeHeng Assisted Youkeshu, a Former Cross-Border E-Commerce Leader, in Completing Bankruptcy Restructuring

2024-12-31

Recently, Youkeshu Technology Co., Ltd. completed its bankruptcy restructuring process, resolving its debt and financial crisis while raising over RMB 1 billion in funds. The company introduced two of the top 500 Chinese service industry enterprises as industrial investors, injecting vitality into the development of this former leader of China’s cross-border e-commerce industry. The restructuring has restored the company’s operational capabilities and core competitiveness, allowing it to reclaim its industry position.  

As a member of the liquidation group, the DeHeng team was led by Wei Kun and Chen Jianhong, partners at the Beijing Office. Among them, Wei Kun led team members Wang Fanglei, Yan Chenggang, and Xiao Yi in participating in the pre-restructuring and restructuring processes, providing comprehensive, professional, efficient, and high-quality legal services. With the guidance and support of the court and the government, the pre-restructuring and restructuring processes were completed in just nine months, fully protecting the legitimate rights and interests of creditors, investors, and the listed company, contributing to the healthy development of the capital market and the improvement of the local business environment.