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Tag: credit

News

China is counting videogame purchases against your credit score

The Chinese government, with the assistance of national internet oligopolists Alibaba and Tencent, is in the process of introducing a new form of credit score that will factor in political compliance, the actions of one’s acquaintances, and the products one chooses to buy. Under this scheme, buying videogames is a surefire way of lowering your credit score.  That’s right: A Chinese national who purchased The Witcher 3 will have a harder time getting a loan. The credit score ostensibly exists to simplify the task of deciding who should receive money from financial institutions and at what rate. Based on a series of…

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