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Chinese Digital Collection Platforms Retreat Under Strong Supervision
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Chinese Digital Collection Platforms Retreat Under Strong Supervision

Nov 21, 2022
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Chinese Digital Collection Platforms Retreat Under Strong Supervision
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Chinese Digital Collection Platforms Retreat Under Strong Supervision
(Source: Jilian Space)

Since October, nearly 20 small and medium-sized digital collection platforms in China have issued announcements regarding scale-backs and liquidations, citing industry risks, low growth rates, stagnated development and other reasons, Lanjiner reported on November 17.

Most of the refund amounts of digital collection platforms range f…

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