Is peninsula wealth MLM?

As of August 30th, 20 19, Peninsula Wealth has not been recognized as pyramid selling by relevant departments.

Qingdao Peninsula Fortune Commercial Management Co., Ltd. was established on April 8, 20 14, and its legal representative is Xu Ning.

The business scope includes business intermediary, business service, automobile sales, second-hand car sales, vehicle affairs agency (excluding insurance), economic information consultation, business information consultation, housing agency, real estate marketing planning, design, production, agency and domestic advertising. Wholesale: clothing, shoes and hats, knitted textiles, bedding, clothing accessories, jade ornaments.

Article 7 of the Regulations on the Prohibition of MLM in People's Republic of China (PRC) stipulates that MLM must meet the following three conditions:

1. Participants are eligible to join or introduce others to join by paying the "head fee" or "qualification fee" or paying the "head fee" or "qualification fee" in disguised form in the form of subscribing goods (including services);

2. Introduce others to participate in the development of offline personnel, so as to establish an organizational system with the redistribution of wealth within the upper and lower levels;

3. The organizer pays the previous participants with part of the expenses paid by the participants to maintain the operation; The income of participants is determined by the order of joining and the number of development personnel.

Extended data:

1. Open Baidu, search for "National Enterprise Credit Information Publicity System", and click Enter;

2. Enter "Qingdao Peninsula Wealth Business Management Co., Ltd." in the search box on the home page of the national enterprise credit information publicity system, and click Query;

3. Find "Qingdao Peninsula Wealth Business Management Co., Ltd." in the search results, and click to enter;

4. As can be seen from the search results, Qingdao Peninsula Fortune Commercial Management Co., Ltd. is not on the abnormal list, nor is it a pyramid scheme.