Seesaw Coffee filed for bankruptcy.

Recently, journalists found that the operating entity of the boutique coffee brand Seesaw, Shanghai Xishe Coffee Co., Ltd., has added multiple bankruptcy review cases. The applicants are Shanghai Liuli Gongfang Glass Art Co., Ltd. and Shanghai Malu Industrial Co., Ltd. The applicants have applied to the court for bankruptcy liquidation of Shanghai Xishe Coffee Co., Ltd. on the grounds that it cannot repay the due debts and lacks obvious solvency.