Econ and Finance - 12 Jul 2017

Investing in bad loans…from your smart phone?

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We previously highlighted distressed debt investment as an enticing asset class. This isn’t exactly how we envisioned it (Bloomberg):

“For 4.15 million yuan ($610,000), customers on [Taobao]…can bid for the debt of a steelmaker from Zhejiang, a coastal province in eastern China.”



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