Shoppers Can Buy Bad Debt on China’s Equivalent of Ebay (aka shoppers can buy furniture, food, and junk bonds in one transaction)

http://ift.tt/2uKg0Lb

A description of a screenshot in the article: "A recent listing on Taobao for a portfolio of non-performing loans from some companies in Yunnan province."

Quote from the article: "Used by millions of Chinese to buy everything from clothes to food and electronics, the platform, known for its bargains, typically markets more than 1 billion yuan of soured assets a day, according to Bloomberg calculations. Recent listings include a portfolio of 118 non-performing loans from some companies in Yunnan province, a villa seized by a bank in the southern canal city of Shaoxing, and a property in central Beijing that’s also in default."

Submitted July 16, 2017 at 08:29AM by COMPUTER1313
via http://ift.tt/2t4UzDe

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