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Baiwang

Controversies

Controversies tied to this brand in public sources. A listing is not a finding of fault.

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  1. 2024

    Baiwang Cloud Sued for Patent Infringement Seeking RMB 7 Million; Pre-IPO Losses and High Referral Fees Questioned

    Bolu Information sued Baiwang Co., Ltd. and Baiwang Jinfu for patent infringement involving "Fapiaobang – Scan Code Invoicing" and "e-Fapiao Minimalist Edition," seeking RMB 7 million; media also questioned its accumulated losses of about RMB 1.2 billion before its IPO, a sharp drop in gross margin and huge referral fees. Progress: media reports. Entity involved: Baiwang Co., Ltd. Related scope: electronic invoice products.

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