Qbao founder Zhang Xiaolei handed himself in to police in late December. Photo: News.cn
Banquets, lies and protests: the collapse of Qbao, another popular Chinese Ponzi scheme
Qbao goes quickly from state-media darling to official outcast after its founder hands himself in to police, saying he can’t meet debt and investor payments
Topic |
China economy
Qbao founder Zhang Xiaolei handed himself in to police in late December. Photo: News.cn