When 'cute debt' is not so cute

In this episode of Round Table, Heyang, Steve Hatherley, and Yushun discuss the growing trend of "buy now, pay later" (BNPL) services, examining their prevalence in both China and the U.S. The panel explores how e-commerce giants in China integrate BNPL into online shopping, while in the U.S., it's often marketed as "cute debt" to young women. They delve into the potential risks and benefits of BNPL, including its convenience and accessibility versus the danger of accumulating debt. The discussion covers the perspectives of sellers and consumers, the marketing tactics employed by BNPL companies, and the importance of financial literacy to ensure responsible usage of these services. The panel also touches on potential regulations and measures to prevent BNPL from becoming harmful, emphasizing the need for awareness and organization in managing payments.