After all, why is the 100 tonnes of live crocodiles? This big reason came out

China’s Shenzhen Nanshan People’s Court started an online auction of 100 tonnes of live crocodiles, delivering a unique pronunciation. The auction is arranged at the Judicial Auction Stage of Alibaba. The initial bid of these crocodiles is 4 million yuan (about US $ 5,50,000). The case is related to Guangdong Hongy Crocodile Industry Company, who was started in 2005 by a businessman named Mo Zunarong. Mo Junarong was once called a ‘crocodile god’ in China, but over time his business drowned in deep debt. The company’s assets were confiscated, including 100 tonnes of live crocodiles. Now the court has ruled that these crocodiles should be sold to repay the company’s debt. The auction began on March 10, which will last until May 9, 2025, that is, for a total of two months. What should buyers do? The court also set several important conditions regarding the auction of crocodiles in China. The buyer must have a crocodile television license. The winning host must bear the costs associated with handling, weight, loading and transport. 3 Lakh Yuan deposits are needed to participate in the auction. If a buyer does not meet the conditions, his deposit will be confiscated. Crocodiles in China are only animals, no business models are seen as a valuable commercial resource worldwide. The products made from them contain different types of items, which are as follows. Learning items meat (used in different dishes) and medicine beauty production crocodile wine (which is popular in traditional Chinese medicine). These Syami crocodiles were allowed commercially in 2003 by the Chinese government. The weight of each crocodile can be about 200 to 500 kg, so 100 tonnes are equal to about 200 to 500 crocodiles. Once the auction information came out, both debates and jokes began on social media. Share this story -tags