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Weidai controversies

Controversies tied to this brand in public sources. A listing is not a finding of fault.

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  1. 2020

    Police Open Case Against Weidai on Suspicion of Illegal Absorption of Public Deposits as Online Lending Wind-Down Dispute Escalates

    In July 2020, Hangzhou police announced that Weidai was under investigation on suspicion of illegally absorbing public deposits. The platform had already begun winding down its business, and lenders were concerned about recovering their money. This entry is limited to the case filing and the wind-down process and does not by itself establish that any responsible individual has received a final criminal judgment.

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