Chinese Online Lenders Enter India to Cash In—80% Bad Debt, Totally Wiped Out
Chinese Online Lenders Enter India to Cash In—80% Bad Debt, Totally Wiped Out
Udumbara
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The community couldn’t stop laughing. Chinese online lending platforms went to India hoping to profit, but instead, they were outsmarted by the Indians, who turned the operation into a charity. Watch this video: "Chinese online lending platforms are giving out money, and as soon as the money arrives, people uninstall the app." Ultimately, these platforms, which aimed to profit from tricks, proved that a withdrawal machine without a credit system will only become a losing black hole.
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