Insider: Rui Maotong lays off employees on a large scale, company operations have gradually come to a halt since November.

Journalists learned from front-line and multiple informed sources that Ruimao Tong's business has been gradually shutting down since November, with debts owed and a large-scale layoff in December. It is estimated that the layoff rate could be as high as half, and only some middle and senior management positions will be retained by the end of the year. At the same time, the entire "Zhongrui Group" of Ruimao Tong's parent company has been laying off employees. According to the latest announcement, Ruimao Tong's accumulated overdue loans from financial institutions and commercial acceptance bills total over 2 billion yuan, and the total amount involved in ongoing lawsuits that have not been settled is approximately 2.226 billion yuan.