Jul.03.2026Baolide’s founder drew in investors linked to Alibaba, NetEase, Hillhouse and Zhejiang’s private-business circles before the company collapsed into bankruptcy00:0000:00/00:00您的浏览器不支持 audio 标签。
Baolide Holdings Group Co. Ltd. was once one of East China’s biggest luxury-car dealers, selling brands from Mercedes-Benz to Rolls-Royce. At its peak, the company ran more than 30 high-end auto dealerships and had a longtime ambition of going public.
But behind the showrooms, Baolide was already under mounting pressure. The company finally collapsed in 2024 under the weight of a luxury auto market downturn, high-interest private borrowing and alleged falsified accounts.
