Shenzhen’s $14 Billion Empire Collapses: 500,000 People Grieving, Suffering Total Investment Losses
First harsh reality: In China, almost no enterprise can grow and thrive solely based on its products or services; political and business connections are essential for success. Over the past decade, numerous asset management and P2P lending companies in China have collapsed, but Ding Yifeng miraculously survived for 12 years, attracting half a million investors and managing funds exceeding 130 billion yuan. However, it operates without a financial license or qualifications for a financial business – This is an absurdity unique to China. Behind this phenomenon lies the common "Chinese characteristics": any enterprise with a significant asset scale has to have powerful government support. Founder Su Guangyi's past as a deputy mayor undoubtedly contributed to building his business empire.
#chinaobserver
All rights reserved.
Смотрите видео Shenzhen’s $14 Billion Empire Collapses: 500,000 People Grieving, Suffering Total Investment Losses онлайн без регистрации, длительностью часов минут секунд в хорошем качестве. Это видео добавил пользователь China Observer 24 Январь 2024, не забудьте поделиться им ссылкой с друзьями и знакомыми, на нашем сайте его посмотрели 83,163 раз и оно понравилось 2.1 тысяч людям.