As of July 1, 2019, Niu Mutong's Baby Team has not been recognized as a pyramid scheme by the relevant departments for the time being.

Niu Mutong is the founder of the baby team, Hong Kong Qianchao international trade under the Qingdao Qianchao trading company legal representative, chairman. The United States MONARCH YMIR INC. CEO, chairman of Qingdao Qianchao Trade Co., Ltd. chairman of Guangzhou Qianzhi Biotechnology Co., Ltd. chairman of the Long Qian Biotechnology (Guangzhou) Co., Ltd. chairman of the Long Qian (U.S. and China) Biotechnology Innovation Demonstration Base.

Qingdao Qianchao Trading Company was established on December 28, 2012, with experience ranging from: sales of prepackaged food (including chilled and frozen food), sales of bulk food (including chilled and frozen food excluding cooked food) (the validity period of the food business license is subject to the license). Wholesale and retail: office supplies, sporting goods, hotel supplies, electronic products, machinery and equipment.

Qingdao Qianchao Trading Company is currently operating normally, and its baby team has not been recognized as a pyramid scheme for the time being.

Article 7 of the Regulations of the People's Republic of China on the Prohibition of Pyramid Schemes stipulates that pyramid schemes need to comply with the following three articles:

1, participants through the payment of "capitation" or "qualification fee" or subscription of commodities (including services) and other forms of disguise payment of "capitation" or "qualification fee" to obtain qualifications for joining, introducing others to join;

2, through the introduction of other people to participate in

2, through the introduction of others to participate in the development of the next line of personnel, and the establishment of an organizational system with the upper and lower levels of internal wealth redistribution;

3, the organizers of the use of participants to pay part of the fee to pay the first participants to maintain the operation of the participants; the participants of the proceeds of the order of joining and the development of the number of personnel to determine the number of people.

Expanded information:

One, open Baidu, search for "national enterprise credit information disclosure system" and click to enter;

Two, in the national enterprise credit information disclosure system home search box;

Two, in the national enterprise credit Information Disclosure System home page search box enter "Qingdao Qianchao Trading Company", click on the query;

Three, in the search results to find "Qingdao Qianchao Trading Company", click to enter;

Four, from the results of the search can be Qingdao Qianchao trading company is currently in a normal state of business, has not been included in the abnormal list, is not a pyramid scheme.

Baidu Encyclopedia - Niu Mutong

Chinese Government Website - Regulations on the Prohibition of MLM