Running out of capital, Wefit – the pioneer in fitness industry officially declared bankrupt

According to a WeWow representative, the company regretted having to announce that after the crisis encountered since the beginning of 2020, despite great efforts to reform but later due to the impact of the Covid-19 epidemic, Wewow encountered the Unpredictable business and financial difficulties.

“Currently, our working capital is completely depleted, so we cannot maintain our business and products, WeWow is forced to stop all products (WeFit / WeFit Point / WeFit). Pago / WeJoy) from 8:00 am on 11/5/2020. We have officially filed the Request for opening of bankruptcy procedures for Onaclover Technology Joint Stock Company at the People’s Court of Hanoi in accordance with the provisions of law, “said a Wewow representative.

Regarding service packages to ensure benefits for previously registered customers, Wewow is also working with third-party service providers to get an option to help customers continue using the service. whether WeWow is working or not.

WeWow – a mobile application of Onaclover Technology Joint Stock Company officially launched from 7/2019 has made users very excited because of its usability.

Accordingly, with the WeWow app (WeFit and WeJoy) allows users to set schedules, beauty and health care at over 800 gyms and 500 spas in Hanoi and Ho Chi Minh City.

Customers can experience all the subjects from gym, yoga, martial arts to dance, aerobics, ….

Besides, customers can also use all services from facials, body care to hair care, nail care, … with just a single membership card.

Wefit was founded by Khoi Nguyen in September 2016, with the goal of becoming a leading brand in the Fitness industry in Vietnam. Among Vietnamese startups, Nguyen Khoi with WeFit is considered a pioneer in bringing technology into the field of healthy and fitness (health and fitness).

Khoi used to be in the top 10 typical young faces of Vietnam in 2017; top 3 potential CEOs in 2016 at the Startup Festival program organized by VTV; top 16 young faces of the Capital’s excellent start-up in 2017 and was on the list of “30 under 30 Vietnam” voted by Forbes.

On 2/2/2020, after the luxuriant groves of business operations and financial issues, Deputy General Director Nguyen Hai Dang replaced Nguyen Khoi to hold the position of General Director.