User:0xF8E8/Usage of nude photographs as collateral in China

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In China, loan sharks using the Internet-based service Jiedaibao (Chinese: 借贷宝) have required female college students to submit nude photographs of themselves with visible identification in exchange for a loan; the lenders threaten to publish the photographs online if the loans are not paid on time.[1][2][3][4] Jiedaibao is owned by the venture capitalist firm JD Capital, which has made revenues of 2 billion yuan ($310 million USD) from the service.

References[edit]

  1. ^ Stevenson, Chris (June 15, 2016). "Chinese loan sharks demanding nude photographs as collateral, female students claim". The Independent.
  2. ^ Leavenworth, Stuart (June 15, 2016). "China's 'naked loans' force female students to bare all in return for more cash". The Guardian.
  3. ^ "Chinese online loan sharks demand nude photos as guarantees". U.S. News and World Report. Associated Press. June 15, 2016.
  4. ^ Zhang, Rui (June 14, 2016). "Loans secured against nude photos stir debate". China.org.cn.
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