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Sanyan Technology reported on July 27 that the head of a company that claims to be the exclusive general agent of Vancl recently released a video saying that Vancl was on the verge of bankruptcy and no one was willing to be its OEM agent. It took him four years to build Vancl from a nobody to its current scale of selling 2 million tags a year. "I can say without exaggeration that Vancl has been supported by me in the past few years."

The person in charge said that in April this year, Lei Jun made Vancl popular, but Vancl founder Chen Nian suddenly announced that all the products he sold were fake. On May 28, Chen Nian announced that all agents should stop selling Vancl products.

The person in charge said that all the agents had signed the contract, and many of them had stored a lot of goods and made a lot of investment in the early stage. He hoped that Chen Nian could fulfill the contract normally so that he and these agents could live on until the contract expired.

The person in charge also said that a lawsuit has been filed against Vancl for breach of contract, and the court is still accepting the case.

On July 25, Chen Nian also released a video on his official account saying that he had been filing complaints against the fake live broadcast rooms and would file complaints in batches, “catching them one by one and eliminating them.”

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