MERCHANTS AWAIT Pay
According to party talk messages seen by CNA, stores claimed Qoo10 appears to be releasing bills for smaller amounts.
However, there have been scant changes from the struggling online platform for those who are owed more.
Owner of the business, Dave KA, who claimed there is a$ 98,000 outstanding negotiation for his business.
He lodged a police report next Thursday, after sending a letter of desire to Qoo10 at the end of August. For then, he is taking a wait-and-see method.
” There is no speech. There’s nothing at all from Qoo10 or anyone else. Do they plan to pay? Are they going to declare debt? Are they going to go to cash? No single knows anything”, said the owner of Spys Trading &, Consultation.
” Whenever we ask for payment, ( Qoo10 says ) ‘ We are having issues, technical issues, give us a while, we’ll revert back to you'”.
He has spent more than five times using the e-commerce software. He claimed that pay delays started last year when the program extended the payout interval from seven days to thirty days.
The time then grew longer, and it took more than two decades to credit his bank accounts for the last payment he received in June of this year. Since then, he has certainly received additional payment.
Lawyer Ang Ann Liang, who has been advising some of the damaged retailers, said the worst-case situation is to start court proceedings.
However, if the statements are small quantities, they might not be fair the legal charge, he added.
These retailers might want to work with other businesses with identical states. The associate producer of the law company Wong Tan &, Molly Lim, said,” If you join forces and share information and resources, this may make the legal cost less prohibitive.”