Online car loan platform Meili Auto under investigation by police

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Photo/Shetuwang

Chinese online car loan platform Meili Auto Holdings, which just filed for US IPO a few days ago, is under investigation and a dozen of employees were taken away by police in Beijing. It says everything is normal, but many users accused it for high-interest loans and frauds on a third-party complaining platform. (Caixin)

Editor: Tan Yuhan