"a buyer is asked to perform several tasks like downloading dodgy apps"
So, the Chinese Internet users are on a fast track to learn what not to do on the Internet.
Good for them.
The Cyberspace Administration of China (CAC) announced a crackdown on investment fraud platforms on Friday in conjunction with the country's Ministry of Public Security. "Since the beginning of this year, the Anti-Fraud Center of the CAC has investigated and cracked down on 42,000 counterfeit apps," declared the internet …
It's almost as if having a massive army of censors to monitor all activity on the local internet, a giant firewall to protect them from outsiders (ahem!), and pervasive statewide surveillance doesnt actually work to protect it's people.
Oh that's right, all of that stuff isn't to protect the people, it's to protect the Party. My mistake...
Current culture likes to portray the Chinese as a downtrodden people kept in line by a bunch of prison guards who monitor all in the Great State Panopticon. A more realistic view is a billion people or so on the make -- that is, 'entrepreneurial' -- so 42,000 applications distributed among that many people doesn't sound that many. Especially as its a good bet that they're lightly customized and probably pirated copies of a handful of established scams (a bit like the clickbait stories that litter news websites -- same template, just plug in your own tall tale and you're good to go). It would also be a good bet that the Chinese government has been a bit slow on the uptick, they only started to notice when things started to get out of hand, so they're now not so much playing 'whack a mole' as 'whack an anthill'.
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