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SUNING is sued for defaulting Zhihu million advertising fees

2025-03-29 Update From: SLTechnology News&Howtos shulou NAV: SLTechnology News&Howtos > IT Information >

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CTOnews.com, September 6, according to the Beijing Court trial Information Network, on September 5, the judgment of first instance on the advertising contract dispute between Beijing Zhihu Technology Co., Ltd. and Jiangsu SUNING Electronic Commerce Co., Ltd. was made public.

The plaintiff claimed that in 2020, it signed a brand framework contract with the defendant Jiangsu SUNING Company to provide advertising services to the defendant company. During the performance of the contract, Zhiwu Technology Company scheduled and released the project as required, but Jiangsu SUNING Company failed to fulfill its payment obligations. Jiangsu SUNING Company has no objection to the principal amount of advertising fees owed, but does not agree to pay overdue interest, legal fees, legal fees and so on.

The court held that Jiangsu SUNING Company had constituted a breach of contract and should be liable for breach of contract, and the two parties had a clear agreement in the framework contract, so it supported Jiangsu SUNING's claim for compensation for legal fees.

In the end, the court ordered Jiangsu SUNING to pay 1.001 million yuan in advertising fees and corresponding interest to Zhihu Technology Company, as well as a loss of 50, 000 yuan in legal fees.

CTOnews.com learned that SUNING released its 2022 semi-annual report on August 30. According to the announcement, SUNING's revenue in the first half of the year was 37.209 billion yuan, down 60.25 percent from the same period last year; the loss was 2.74 billion yuan, compared with 5.024 billion yuan in the same period last year, and the loss narrowed by 20.60 percent compared with the same period last year. Of this total, the loss in the second quarter was 1.712 billion yuan, which was 56.20% lower than that in the second quarter of 2021.

The facts of the case decided in the first instance are as follows:

From August to December 2020, Zhihu sent seven advertising schedules to Jiangsu SUNING through email, which was confirmed by Jiangsu SUNING. Later, Zhihu Network Company completed the obligation of advertising on schedule.

From March 9 to April 15, 2021, Zhihu Network Company issued a special invoice for full VAT to Jiangsu SUNING Company. On April 20, 2021, Zhao Zhiyong, an employee of Zhihu Company, sent Wechat to Xu Ling, an employee of Jiangsu SUNING Company: have you received all the invoices? Xu Ling replied: mm-hmm. On May 12, 2021, Zhihu Network Company mailed the double Twelve Project schedule to Jiangsu SUNING Company.

On May 7, 2021, Jiangsu SUNING Company issued an electronic commercial acceptance bill of exchange for 880000 yuan to Zhihu Network Co., Ltd., which was refused due to insufficient balance in the acceptor's account. On June 2, 2021, Jiangsu SUNING Company issued an electronic commercial acceptance bill of exchange for 220000 yuan to Zhihu Network Co., Ltd., which was settled at the end.

On October 11, 2021, Zhihu Company Zhao Zhiyong sent Wechat to Pan Shu, Jiangsu SUNING Company: this is all the invoice amount we issued to you. Now the remittance has been made for 11 months, but with a return of 220000, this remittance is still 2000 yuan short. The rest has not been returned yet. Is the missing 2000 yuan a mistake in your finance? Pam: in November, I only got back 220000 and missed 2000. I'll pay for it with you next time. Zhao: how much did you reply on the 11.1? Pam: it's not 11.1, it's 110000 1. Zhao: Oh, when will 110000 be back, and when will 888000 be expected to return? Pam: they are all in line now. Zhao: because the account has been overdue for a long time, the company is also urging me. Pam: I know, and it's hard for you, too. I heard that it has taken a turn for the better, and the most difficult time has passed, but because the company wants to protect the supply chain first, it will gradually solve all the arrears in front of it. Zhao: OK, OK.

On April 11, 2022, Zhihu Network Company sent a payment notice to Jiangsu SUNING Company, requesting Jiangsu SUNING Company to pay within 3 working days after receiving the letter.

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