Specifically, Ding Chen used his Union Pay credit card to buy a $ 3.8 million Bugatti brand sports car in Vancouver, Canada. On Instagram, Ding posted a picture of the complaint bill about $ 680,000 tax with the words: "These taxes ... I'm too tired".
China's Union Pay credit card has recently been closely watched because it is considered a source of money out of the country. China sets an annual limit for cash transfers abroad of US $ 50,000. Union Pay said it has limited the annual cash withdrawals abroad to $ 14,880.
The sale and exchange of foreign goods valued at US $ 149 or more should be reported to the Chinese authorities. However, there is no limit on the amount of purchase, so buying a car overseas may not violate the regulations.
The phone number on the bill in Ding's post showed that the company that sold the car to him was the Weissach group - the official distributor of Bugatti in Vancouver. A salesman of the group, Patrick Kam, said only one Bugatti Chiron was sold and delivered in Vancouver. Kam also said that this type of car is usually not paid via Union Pay card.
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| Bill with taxes of $ 680,000 shared by Ding Chen on Instagram. |
Ding Chen's Instagram shows that he has a habit of using designer clothes like water with a variety of products from well-known brands all over the world. In it, it can be said that the $ 30 million Bombardier Challenger private jet carrying his name is Ding. He also regularly shop at Gucci stores in Las Vegas, Nevada and Shanghai.
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| personal picture by Ding Chen |
In 2015, Ding's father, Mr. Mailin, bought a house in Canada worth $ 40 million. This is the largest housing deal ever recorded in Canada. Mr. Maillin is currently living permanently in this country. Since buying the house, Mr. Mailin has been the subject of media attention in Vancouver.
Mr. Mailin (49) used to be a duck farmer. After that, he founded Nanjing Dingye Investment Group and is currently the president of the corporation.
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