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"While I'm sure Alipay never intended for those it had invited to use Circles in this way, they inadvertently created an environment conducive to that," Natkin said.China is deeply sensitive to the growing number of people trading the allure of sex for money online.In addition to collecting 4 in unemployment benefits each week, Elrod made ends meet by hustling: She resold packages of discount toilet paper and peddled small quantities of prescription drugs.She scraped together just enough to rent a 676-square-foot garage apartment that she shared with a roommate, a gangly buffet cook a dozen years her junior.Peng defended the new social media features, saying "Campus Diary" was one bad group among others meant to foster "a beautiful sharing experience." -- Serenitie Wang contributed to this report.was in rough financial shape as the 2012 holiday season drew near."Campus Diary" blocked users with low credit scores from commenting, but did allow them to send gifts to the women.Gifts are similar to a like button, but with cash attached.
Wang Sicong, son of billionaire Wang Jianlin, criticized Circles on Weibo, posting a photo of a woman's backside with the word "Alipimp" splashed across the image, a twist on Alipay's Chinese name.
Photos of scantily clad women in suggestive poses immediately flooded groups called "Campus Diary" and "White Collar Diary." Some were accompanied by messages indicating the women were looking for wealthy men, others openly solicited rewards or gifts. Now, it's reputation is tainted," said Alibaba co-founder and Ant Financial chairwoman Peng Lei in a statement titled "Wrong is Wrong." Ant Financial completed a funding round earlier this year that valued the company at billion, more than rival Some Circles only allowed women to post, and restricted comments to users with credit scores of at least 750.
Credit scores on the app range from 350 to 950, and are determined by factors such as job, salary, credit history and level of education.
Over the course of one December week, for example, almost ,000 arrived from Norway; on January 2, someone in France sent ,977.
Elrod never let this money linger: She always showed up at the bank a few hours after a transfer cleared, to withdraw as much as ,500 in cash.
The Cyberspace Administration of China issued regulations prohibiting people from live streaming any content that could "endanger national security and undermine social stability." The new edicts went into effect Thursday.