What do you mean by the pl incident?

20 19 PL company went bankrupt. Pl incident refers to the serious economic and political impact that the bankruptcy of pl Company has brought to the global society. PL Company is a well-known Internet company in the market. The debt problem caused by PL Company is that many companies are facing similar financial difficulties. Such companies are unable to repay their debts, leading to a serious global economic crisis, and financial institutions are in crisis, resulting in many people losing their jobs and savings.