logo
logo

Chinese second-hand car platform Uxin accuses rival of faking revenue data

avatar
Joan Zappulla
img

Chinese online used car seller Uxin has accused its rival Guazi of data fraud, igniting a spat between the two companies that shows no signs of abating.

A customer surnamed Qin said a salesperson at Guazi offered to refund their RMB 4,500 (around $670) commission after they signed a contract to buy a second-hand Honda, according to a statement by Uxin on popular messaging platform WeChat.

Such activities could allow companies to attract more customers by removing their commissions, while potentially not recording the refunds in order to alter their financial results.

Uxin claims Qin showed it screenshots of the WeChat money transfer.

The deal was allegedly made in the southern Chinese province of Guangxi in January.

Uxin said it found “huge” numbers of similar cases in 30 cities around China and accused Guazi of cooking its books.

collect
0
avatar
Joan Zappulla
guide
Zupyak is a free content platform for publishing and discovering stories, software and startups.