In China's O2O tech, today's 'unicorns' risk becoming tomorrow's 'unicorpses'

A delivery man stops in front of doors of the Beijing offices of Shequ001, a start-up company delivering supermarket goods booked via smartphone, December 7, 2015. Picture taken December 7, 2015. REUTERS/Damir Sagolj

BEIJING: The Beijing offices of Shequ001, a startup delivering supermarket goods booked via smartphone, stand almost deserted. Leaflets lie scattered on the floor. 

Nearly 400 former employees, of a workforce that in March topped 2,000, have joined a social network clamouring to get their unpaid wages. Zhang, who gave only his family name, is one of fewer than three dozen workers left at a company that last year was worth 2bil yuan (RM1.32bil).