Zongmu Technology is in financial crisis, affecting more than 700 employees

Intelligent driving company Zongmu Technology has recently faced a serious financial crisis, affecting more than 700 employees. CEO Tang Rui announced at a full-staff meeting that the company is in business merger and acquisition negotiations with a Ningbo listed company, but the acquirer needs to wait 1-2 months after the Spring Festival to complete the project due diligence and asset evaluation. Tang Rui said that the company intends to sell the intelligent parking business, but will retain the mobile charging robot business. He also revealed that the company is in the process of raising funds from old shareholders, but unfortunately failed to introduce funds before the Spring Festival to solve the social security problems of employees.