On February 2, it was reported that due to the rupture of the capital chain, Tuanbao had defaulted on the payment for goods from merchants and the wages of employees. Ren Chunlei, CEO of the company, said that he was raising money everywhere, and now it has an idea. According to a well-informed person, the new Internet player who injected capital into Tuobao.com this time is Playpai.com, but so far, neither party has made any response to this matter.

It is understood that Playpai, founded in November 2010 and invested by Shenzhen Yangyuan Technology Co., Ltd., is the first professional auction website and business promotion platform in China that combines diversified auction methods with online social services (SNS). It is also an online auction shopping exchange platform. It claims that advertising on its platform costs no money, and once purchased wanpai.com domain name with millions of dollars.

Previously, Ren Chunlei told his internal staff that if the financing was not in place within 15 days, Tuanbao would face bankruptcy. Recently, it was rumored that Ren Chunlei was ready for bankruptcy and had re registered the company named "Tuanbao" to prepare for a comeback after bankruptcy. However, Tuanbao has denied the re registration of the company.