Chinese Online Lenders Enter India to Cash In—80% Bad Debt, Totally Wiped Out

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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