Business owners gather in Shanghai on April 20, 2026. Video screenshot by The Epoch Times
What began as a seemingly reliable sourcing platform for China’s plastics industry has unraveled into one of the sector’s largest financial crises, leaving hundreds of companies scrambling to recover funds, according to business owners who spoke to The Epoch Times.
In recent days, business owners from across China have gathered outside offices linked to the platform, Jinsubao, demanding answers after payments allegedly stopped and deliveries failed. Many say they are no longer seeking profits, only the return of their original funds.
