The rumor that Gearbest was on the verge of bankruptcy has been swelling in recent months. Between delays in its deliveries and orders not fulfilled, the difficulties seemed growing for the Chinese e-commerce site, which was nevertheless one of the heavyweights in the sector a few years ago.
Gearbest: a closed site, aggrieved customers ...
If you tried to visit the e-commerce site Gearbest, you had to face a blank page. Indeed, as our colleagues of GizChina, its owner Shenzhen Globalegrow E-Commerce Co. Ltd is said to be on the verge of bankruptcy.
A news that is not really a surprise, some warning signs suggesting that the company was having difficulties, Gearbest offering an increasingly poor catalog, increasingly higher prices, and its parent company having lost more than half of its value on the stock market in June.
According to our information, Shenzhen Globalegrow E-Commerce Co. Ltd had indeed filed last June documents of« bankruptcy examination » in the Guangdong court following several years of losses. Since then, the company has been experiencing increasing delivery delays, canceling orders without notice and sometimes not even delivering to customers.
How to get reimbursed?
Although his employees were still trying to contain the bleeding until recently, taking the time to reassure unhappy customers at the site Trustpilot, it has been radio silence for ten days and everything suggests that disappointed customers will never hear from the company again.