Sino-Singapore Jingwei client, late at night, July 5th, the official Weibo of the Shangcheng Branch of the Hangzhou Public Security Bureau issued a police notice that it was suspected of being illegal against Weidai (Hangzhou) Financial Information Service Co., Ltd. (“Weidai” platform) according to law . Absorb public deposits for investigation . At present, the case is being investigated according to law.

  Source: Official Weibo of Shangcheng Branch of Hangzhou Public Security Bureau

  In addition, the Hangzhou Municipal Public Security Bureau Shangcheng Branch also issued a “Weidai.com” online loan platform loan collection announcement, saying that in order to protect the legitimate rights and interests of the majority of lenders, the Shangcheng District, Hangzhou City Leading Group Office for the Prevention of Financial and Online Lending Risk Disposal (hereinafter referred to as disposal) Office) is now cooperating with public security organs to carry out recovery and recovery of losses, and urges borrowers who have borrowed through Weidai and have not repaid (hereinafter referred to as platform borrowers) to actively return the loans.

  The announcement shows that the collection work of Weidai.com will be included in the overall government disposal . The original collection system, organizational structure and personnel will remain unchanged, and the collection work will be managed, supervised and guided by the government. The platform borrower shall consciously cooperate with the loan collection work and actively and proactively return the loan in accordance with the requirements of this collection announcement.

  In order to ensure the legitimate rights and interests of the lender, the Disposal Office will initiate legal procedures in accordance with the progress of the collection work, and pursue the legal responsibility of the borrower for overdue repayment according to law. If the platform borrower repays overdue, it will be included in the list of dishonesty, which may affect the borrower's normal life consumption, daily travel, bank loans and other matters.

  If the platform borrower refuses to fulfill the repayment obligation, maliciously evades the debt, and still fails to repay after being collected, if the crime is suspected to constitute a crime, the public security organ will severely punish it according to law.

  Screenshot of WeChat official WeChat account

  It should be mentioned that on May 31, Weidai.com announced in its official WeChat account that Weidai.com had withdrawn from the internet lending industry by June 30, 2020 after careful research and decision based on national policies and industry trends. , No longer operating online loan information intermediary business.

  According to Tianyan check, Weidai (Hangzhou) Financial Information Service Co., Ltd. has up to 4029 peripheral risks and 497 risks. Among its own risks, the court announced 149 articles, including the disputes over the recovery of financial bad debts, service contract disputes, improper profit disputes, and private lending disputes. In legal litigation, there were 202 cases in which people or companies were sued for disputes over the recovery of bad financial claims.

  Source: Tianyancha

  According to its official website, Weidai.com went live on July 8, 2011; on November 15, 2018, Weidai.com was listed in the United States under the ticker symbol WEI. The opening price is 10.5 US dollars, and the market value is 5.2 billion yuan. At present, its stock price is only 1.33 US dollars , and the market value is only 94 million US dollars (about 664 million yuan). In addition, as of February 2020, the cumulative loan amount of Weidai.com amounted to 298.663 billion yuan, and the loan balance was 8.583 billion yuan.

  Screenshot of Weidai official website

  Weidai.com previously announced its 2019 financial report showing that the company's revenue in 2019 was 3.358 billion yuan, a 14.2% decrease from the 3.914 billion yuan in 2018; its net profit was 263 million yuan, a 56% year-on-year decrease. (China-Singapore Jingwei APP)