# Predatory Lending

The High Cost of Free-Wheeling: How China’s Bike-Sharing Giant Hello Inc. Became a Predatory Lender

Hello Inc., China’s prominent bike-sharing platform, is facing public backlash for its lending service 'Zhenyouqian,' which allegedly uses hidden fees to charge interest rates exceeding 36%. By burying 23 different agreements in its app, the company has transformed its massive user base into a target for high-margin, predatory financial products.