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.
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