Chinese firm opens Uber-style, on-demand debt collecting service
Online lending platform, Jiedaibao, has launched an Uber-style debt collecting service. Staff on the platform will make “professional phone calls” to pursue payment until the 31st day of overdue debts, thereafter collection duties are handed over to sharing-economy style, on-demand workers described as “third parties around the nation”. However, lawyer Liu Xinyu from Dacheng Law Offices raised the concern that if the services are conducted by inadequately trained debt collectors it may constitute illegal activity.

Users of the Jiedaibao app can apply to recover debts owed through the platform by uploading their ID card number and a photo. Photo: Reuters