After Mengbaihe was ordered by a U.S. court to pay hundreds of millions of dollars, the case was remanded for retrial.
Due to a foreign-related equity dispute, Mengbaihe, a leading software and home furnishing company, was ordered to pay US$24.7056 million to overseas distributors. This fee has since been adjusted and reduced to US$17.2741 million (approximately RMB 123 million yuan). On November 24, Menglily issued an announcement on the progress of the lawsuit, which showed that…