Is Hangzhou Rantiao Technology Co., Ltd. a pyramid scheme company?

Hello, public information shows that Hangzhou Rantiao Technology Co., Ltd. is a technology company registered in Hangzhou, and its main business is to provide mobile Internet application development and operation services. According to China's laws and regulations, pyramid selling is an illegal business activity, and no company or organization may engage in pyramid selling activities.

But to judge whether a company is engaged in pyramid selling activities, it needs detailed investigation and understanding. Generally speaking, MLM companies usually adopt the multi level marketing model to gain profits by recruiting offline products, rather than selling the products themselves. In addition, MLM companies may also use high returns as bait to encourage people to join and invest.

Therefore, if anyone suspects that Hangzhou Rantiao Technology Co., Ltd. is engaged in pyramid selling activities, they should report to the local authorities and investigate. Without sufficient evidence, a company should not be branded easily.