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man Xingyun is illegal in China. The predecessor of "man Xingyun" is the notorious "cloud smart" pyramid scheme
"cloud smart" and "man Xingyun" and other Ponzi schemes were created by Zhang Jianyun and Lai Caiyun. In the end, these Ponzi schemes were forcefully destroyed by China's regulatory authorities“ In the name of revitalizing the national Internet, listing and issuing original stocks, the "cloud smart" pyramid selling organization has set up a network data platform according to the operation mode of the "Cloud Data Trade" pyramid selling organization
extended information:
according to the founder of manxingyun, manxingyun has 21 million members in the world, half of which are from China. It is known as "the next Alibaba" to be an e-commerce platform. But the actual development mode is to develop a large number of members, let them pay the registration fee back to the company's original shares and electronic currency. Man Xingyun, who has been clamoring to be listed on NASDAQ in the United States, has not been listed until now, which is obviously an original stock fraud. As for man Xingyun's e-money, it is even more fake, that is, the MLM money with blockchain
in July 2018, the headquarters and high-level houses of the group of manspace, a pyramid marketing organization, were banned. About 300 representatives from the Ministry of trade and consumption, the Malaysian company committee, the police, the National Bank and other law enforcement units went to 18 locations associated with the manxingyun group to carry out the crackdown, including the founder of manxingyun group, the residence of Dato srilai Caiyun, the residence of several senior executives and several manxingyun branches