Fancha has collapsed. Nearly a hundred billion yuan vanished overnight, affecting hundreds of thousands of people.
Fancha was the most prominent and financially driven brand in the Chinese Pu’er tea market in recent years. However, some believe it was a pyramid scheme disguised as a tea business.
#chinaobserver
All rights reserved.
⭐You can support us at: https://donorbox.org/china-observer-supporting-independent-news
⭐For business cooperation, please contact us: business@chinaobserver.co
China’s Biggest Financial Tea Scam Explodes, Involving $8B, Hundreds of Thousands Lose Everything
