Ali Auction: Under the auspices of the auction platform, bidding is conducted through a standardized network system, so that both remote and on-site auctions comply with the legal procedures of the Auction Law and are legal and compliant.

Judicial auction refers to the public disposal of the debtor's property by the People's Court in accordance with the procedures in the compulsory execution procedure of civil cases, or by entrusting an auction company to pay off the creditors' claims. Judicial auctions include court-enforced auctions and court-entrusted liquidation administrators to conduct procedural auctions of bankrupt enterprises.