Eat melons rationally, and discuss which pot is bigger between the radish chapter and the safety of Jingdong's workplace process

I believe that many people have been eating melons between Noah and Jingdong recently, and I am also like Ru in the melon field, eating happily. However, there may be many people who don't understand what kind of love and hatred there is between Noah and JD.com? This matter has to start with the once sensational "Chengxing case".

The "Chengxing case" has made waves again

In June 2019, Chengxing Company committed fraud by forging contracts with JD.com and other companies, resulting in a payment crisis in the supply chain finance fund.

According to the first-instance criminal verdict of Luo Jing and others, the actual controller of Chengxing Company, from February 2015 to June 2019, Chengxing Company successively carried out supply chain trade with Suning Tesco Group Co., Ltd. and Beijing Jingdong Century Trade Co., Ltd., and the Chengxing Company advanced funds to carry out procurement business for Jingdong Company and Suning Company.

In June 2016, Noah Holdings and Chengxing Department carried out the transfer of accounts receivable creditor's rights. At that time, Noah proposed to send sales personnel to the JD office area, and JD would stamp the business confirmation letter in person. However, JD.com has told Chengxing that it cannot stamp the confirmation letter. Subsequently, Noah Holdings agreed to send the confirmation slip to JD.com by express delivery and sent back after JD.com stamped. In this lawsuit, Gopher Assets and Ziyan Leasing claimed that they had received a stamped version of the "Accounts Receivable Confirmation Letter" issued by JD.com.

However, the actual situation ascertained by the court was that the confirmation sheet received by Noah had been intercepted by Chengxing in the middle, and the official seal of Jingdong stamped on it was also a "radish seal" privately engraved by Chengxing.

The case had already ended with the imprisonment of Luo Jing, the actual controller of the "Chengxing" department, and it also had a serious impact on the reputation of financial institutions such as Noah Fortune and Gopher Assets.

But recently, with the publication of an article titled "Carving Two Carrot Chapters, Defrauding 30 Billion...", Noah's reputation turmoil was stirred again. It was forwarded by a number of financial self-media. Noah's official statement immediately ended.

But when Noah thought it was calm. A Weibo account with the ID of a JD.com spokesperson suddenly issued a statement pointing at Noah, once again pushing Noah to the forefront. The original text was to the effect: "The Chengxing case caused JD to suffer a huge reputational loss, but the fault is all in Noah, and JD has no responsibility." Noah's move is nothing more than looking for a "scapegoat" and other remarks. "It's a bit of an over-the-top rhetoric.

After the outbreak of the "Chengxing Case", in the face of a "hole" of more than 8 billion yuan in funds, it was hopeless to collect debts from Luo Jing. At this time, Jingdong became the target of the recovery of payment. In 2019, shortly after Luo Jing was taken away by the police, Noah Fortune issued an announcement saying, "Chengxing is a supplier of JD.com, and there are a large number of long-term transactions between the two parties, and Gopher has filed a judicial lawsuit against Chengxing and JD.com for this supply chain financing." Gopher Assets sued the four defendants to the court because JD.com failed to fulfill its payment obligations as required by the Confirmation Letter for the Transfer of Accounts Receivable, and the other defendants did not assume the repurchase obligation or guarantee liability as agreed. There are many online legends that point out that it is meaningless for Gopher Assets to sue JD.com, and it is to shirk its liability for compensation. Luo Jing's criminal case is currently in the second trial, but according to the first-instance verdict, no JD.com employees were involved in or aware of the fraud, and all the frauds related to JD.com were forged and impersonated by multiple members of the Chengxing department. However, because JD.com was once again pursued by Shanghai Gopher and became a defendant, there were some unfavorable views on Noah's wealth in the outside world, such as "JD.com is behind the blame", "JD.com is used as a shield", "Gopher is a transfer of contradictions, JD.com becomes a scapegoat" and so on.

30 billion, JD really doesn't know?

With such a big move, Jingdong really didn't know about it in advance?

Question 1: Chengxing must have not only marketed this debt to Noah's family, but Noah's family alone has sold this product to thousands of people, which means that many people in the market have heard that there is such a product against JD.com's creditor's rights. However, Jingdong, as the protagonist, said, "What kind of creditor's rights?" I don't know! I didn't know that I was ghosted by Li after the thunder. It's the drama of "the whole world knows, only I'm in the dark".

Jingdong itself admits that Chengxing is its supplier, so it is normal and inevitable to have outstanding accounts, of course, it may also be Chengxing to say 340 million creditor's rights as 34 billion, even so, Jingdong should bear the part of it. JD.com's response should make this logic clear, why deny it completely?

Question 2: Why does Chengxing dare to be so blatant? As a listed company, Chengxing dares to so brazenly publicize and promote a fake contract that can be broken at the first poke to another listed company and the public? Is it to cover up and steal the bell, or do you think that Jingdong is deaf and mute? Miraculously, Jingdong really doesn't know? Jingdong said that the contract was forged, and the confirmation letter was forged, but it did not say what kind of forgery it was from beginning to end, whether it was a fake seal or a real seal and fake content, whether it was all fake or partially fake?

To put it bluntly in this case, it cannot be said that Jingdong and Suning are not responsible at all, but the main problem is that the funders are more responsible, and of course the biggest responsibility is on the scammers.

The funders did not do it to the extreme, or in other words, they stepped into the misunderstanding of thinking, resulting in many due processes not being done well.

This case has not yet been officially announced, but Jingdong has begun to manipulate public opinion, which inevitably means that there is no silver three hundred taels here. Noah didn't show weakness at all, and immediately issued another statement, striving for his own rights and interests;

The unstoppable carrot chapter

From the perspective of objectivity and fairness, Noah and Jingdong were both affected by the "Chengxing case".

The "Chengxing Department" company arranged for employees to enter JD.com's workplace in advance in the name of business negotiations, wearing fake JD badges and pretending to be JD employees in the corridor area of JD.com's office to respond to Noah's due diligence interview. In the whole business logic, the relationship with JD does not seem to be big, but the underlying asset is JD's account, which is the starting point of everything;

According to the criminal verdict of the "Chengxing case" disclosed by investors, between February 2015 and June 2019, Chengxing Holdings and related companies defrauded Xiangcai Securities, Moshan Factoring, Shanghai Gopher, Yunnan Trust, Anhui Zhongxin and other institutions of more than 30 billion yuan of funds through fictitious supply chain trade with Suning and JD.com, and ultimately caused losses of more than 80 billion yuan. It is understood that Noah Wealth has taken a series of measures to safeguard the rights and interests of investors and promote risk resolution after the "Chengxing case".

It is reported that Noah Fortune has reached a settlement with more than 70% of the relevant investors. This shows that they are trying to negotiate with investors to solve the problem in order to minimize investors' losses; a one-time provision of the "Chengxing case" settlement costs, and a number of international investment banks in the capital market have supported Noah's one-time provision of the "Chengxing case" settlement fees; in addition, since the introduction of the new regulations on asset management, Noah Wealth has started a standardized transformation and quickly completed the transformation, firmly focusing on "customer-centric", with a more advanced and professional service model, from strategy to execution, to achieve a competitive breakthrough. This shows that they are taking steps to improve and elevate their service models to better meet the needs of their customers.

In the supply chain business, false trade is a more common form of supply chain finance, usually a certain enterprise in the supply chain defrauds financial institutions by forging contracts, seals, etc., while in the real business, many financial institutions do not have sufficient due diligence on the authenticity of trade, logistics, information flow, etc., and only pay attention to the background of the shareholders or guarantees of the financier, resulting in false trade, and finally if the financial deterioration of the financier, there will be a situation like "Chengxing system".

The tricks of scammers are indeed varied, making it difficult to guard against, and the methods are also common and fresh, and they emerge in endlessly. Like the previous Pan Asia incident, Tianhong Fund incident, Delong incident, Delong incident and Zhongjin incident, etc., famous financial fraud cases in the financial circle. Preventing fraud also requires the joint efforts of multiple parties to create a more harmonious and clear financial environment.

Kevin Mitnick, the first master of social engineering, in The Art of Deception, has a lot of similar operations to complete complex impossible tasks. Interestingly, in the early days, activists in the field of social engineering preferred to get data, so in this war of words, all parties still eat melons rationally, look at the problem with maturity, let public opinion stop point, believe that there is only one truth, believe that the relevant judicial authorities will find out the truth in accordance with the law, and will actively protect the legitimate rights and interests of investors to the greatest extent through civil and criminal procedures, and respect the final ruling of the judicial authorities.