China’s online scams cost each victim US$1,400 on average

Amount cheated has risen massively over the years, with Beijing seeing the most number of internet fraud cases last year Online fraud victims in China were each cheated of over 9,400 yuan on average last year, according to an internet fraud watchdog’s annual report. The average amount of money each victim lost was almost 90 per cent higher than in 2015, according the report by Liewang Platform, a website where internet users on the mainland can report online fraud cases.