NEW FEATURE: VOTE & EARN NEATOPOINTS!
Submit your own Neatorama post and vote for others' posts to earn NeatoPoints that you can redeem for T-shirts, hoodies and more over at the NeatoShop!


30 People Arrested Over China's Straddle Bus

When we first saw the video of a bus in China that would actually drive over top of other traffic over a year ago, we all thought, "What a terrible idea!" But since what we saw of the Transit Elevated Bus (TEB) was a miniature concept illustration, we just assumed it would never actually go into service. Strangely, a bus was built and tested, but was abandoned on its tracks in the city of Qinhuangdao. It sat there for months, snarling traffic around it. Now it turns out that the whole thing appears to be a scheme to fleece money from investors.

On Sunday, Beijing's Dongcheng district police bureau announced on Weibo that it had started an investigation into the company behind the TEB project—Huaying Kailai, an online investing platform not unlike Crowdcube. The police say they are holding more than 30 people, including Bai Zhiming who runs both Huaying Kailai and the TEB project.

Read more about the scandal at Ars Technica.


Login to comment.




Email This Post to a Friend
"30 People Arrested Over China's Straddle Bus"

Separate multiple emails with a comma. Limit 5.

 

Success! Your email has been sent!

close window
X

This website uses cookies.

This website uses cookies to improve user experience. By using this website you consent to all cookies in accordance with our Privacy Policy.

I agree
 
Learn More