Posted inBeijingChinaShanghaiWorld

Fears grow over Chinese investors snared in $11 billion fraud probe

It had a cult-like following with investors known as Baofen or fans of Qbao. At the height of its business operations, the online investment company, Qbao.com, had around 200 million registered users. Tantalizing tales of up 80% returns had potential clients clamoring to sign up for the financial firm’s “get rich quick” scheme. Even the […]