Shopping confusion: China raised taxes on goods bought on overseas e-commerce platforms on April 8, but sparked more confusion with a last-minute list that restricted some products from being sold through these channels.
BEIJING: A large Chinese online lending platform accused of illegal operations has suspended operations, one of hundreds that have been shut this year by the government, as China cleans up a sector ridden with stories of Ponzi schemes.
Police in Huizhou, Guangdong province, said on May 25 that it had detained 13 executives from Guangdong Huirong Investment Co's peer-to-peer lending platform esudai (www.esudai.com). The detainees included its legal representative and chairman Jian Huixing.
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