Pioneer went bankrupt. Since 20 19, Pioneer Group has had frequent problems and many products are overdue. So a subsidiary 65438, which announced the suspension of trading on June 4, disclosed the details of Pioneer's non-compliance and ushered in a comprehensive inspection by the government. Finally, the government suspended its operation because of irregular payment. Pioneer Group rose rapidly due to the barbaric growth of online loans, and quickly lost power because the state began to supervise online lending platforms. It only took a few short years.
Vanguard collapse
There is great uncertainty in the use of pioneer. Many users of Pioneer are unable to determine their personal credit information and repayment ability, and a large number of borrowers are unable to repay on time, which is also the main reason for the large number of bad debts of Pioneer Group. In this way, a vicious circle was formed, the lent funds could not be recovered in time, its own cash flow was in crisis, and the direct pioneer company went bankrupt.