37天，2400亿帝国崩塌！百万老板的血汗钱去了哪？揭秘一个产业互联网巨头的致命转型

Core Insights - The collapse of the Mengda Group, once a leading player in the industrial internet sector, occurred within 37 days, revealing the risks of excessive financialization in the industry [1][3] - The incident has led to significant financial losses for investors, with estimates suggesting that over 3,000 investors are involved, potentially amounting to 4 billion yuan [12] Group 1: Company Overview - Mengda Group, established in 2010, evolved from a small industry website to a major online platform covering the entire plastic chemical industry chain, claiming a transaction volume exceeding 240 billion yuan and serving over 1 million clients [4][3] - The company was recognized as a "national high-tech enterprise" and was considered a model for digital transformation in traditional industries, attracting investments from top-tier firms [4][3] Group 2: Triggering Events - The collapse was triggered by a protective measure taken by law enforcement during a money laundering investigation, which led to the freezing of bank accounts associated with Mengda, causing panic among clients [6][3] - Following the account freezes, a wave of withdrawal requests ensued, leading to a liquidity crisis for the company [8][6] Group 3: Financial Mismanagement - Mengda Group's financial troubles were exacerbated by its shift from serving the real economy to engaging in financial arbitrage, with significant losses reported due to overdue payments and bad debts from small and medium-sized enterprises [11][9] - The company had constructed a funding pool model that bypassed financial regulations, leading to a situation where investor funds were used inappropriately, resembling illegal fundraising activities [11][5] Group 4: Investor Impact - The collapse has resulted in widespread financial distress for investors, with many unable to withdraw their funds, leading to a loss of trust in the platform [12][9] - Mengda's case serves as a cautionary tale for the industrial internet sector, emphasizing the importance of compliance and sustainability in business models [12][11]