Hangzhou Xingbao Benz 4S Store Abandoned; Bankruptcy Administrator Takes Over

On January 28, a reporter visited Hangzhou Xingbao Auto Co., Ltd.—a subsidiary of Baolide Group located in Xiaoshan District, Hangzhou—and found the dealership, formerly an authorized Mercedes-Benz flagship center, shuttered with sealed entrances. The showroom, once filled with luxury vehicles, now stood completely empty and covered in dust, its former glory long gone. On a nearby car, a court-issued enforcement ruling was still affixed, its paper yellowed and curled at the edges. Bankruptcy administrators have already taken over the premises, marking the official commencement of bankruptcy proceedings for this well-known luxury car dealer’s headquarters.