Scalpers make a killing as new safety law leaves China’s 300 million e-scooter riders 200 million helmets short

Wang Zhenxiang, a grocery owner in Shanghai, recently rushed out and bought several hundred safety helmets for 30 yuan each (US$4.20). The 35-year-old is now making a killing, selling the helmets for 85 yuan each.He is one of many scalpers enjoying a windfall, thanks to a new law requiring China’s 300 million e-scooter riders to wear protective headgear from the beginning of June.The get-rich-quick opportunity stems from the fact there are nowhere near enough of the cheap helmets to go around…

from South China Morning Post https://www.scmp.com/business/china-business/article/3085512/scalpers-make-killing-new-safety-law-leaves-chinas-300