Secondhand trading unicorn Zhuanzhuan has responded to judicial investigations regarding their platform being used to buy and sell real and counterfeit invoices (发票). Recently, the court received a report from Zhuanzhuan (转转, meaning ‘pass on’ in Chinese) that, with a series of preventive measures added, the number of cases has dropped drastically, Chinese media Beijing Morning Newspaper is reporting.

Zhuanzhuan is the secondhand trading unit of Chinese Craigslist 58.com, used as a platform for buying and selling used phones, computers, as well as furniture, clothes, books, and vehicles.

Zhuanzhuan has known to be lack of vetting its listings. In 2017, one person with surname Zhou said that he sold his accumulated 543 Beijing special invoice for parking fees, at a price of RMB 200 on Zhuanzhuan app. After identification, above invoices are found to be real invoices. After the Haidian Court sentenced him to three months in prison for selling illegally the invoice, he was fined RMB 10,000.

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Eva Yoo

Eva Yoo is Shanghai-based tech writer. Reach her at evayoo@technode.com