圈錢

圈钱
quānqián
(coll.) (neologism c. 2006) to extract money unscrupulously (e.g. through IPOs, fandom, or game mechanics) while offering little genuine value; to grift; to fleece

CEDICT

colloquial neologism

Entry Composition

1 圈 quān
  1. classifier for loops, orbits, laps of race etc
  2. to surround; to circle

classifier: 個
2 錢 qián
  1. coin
  2. money
  3. unit of weight, one tenth of a tael 兩 liǎng

classifier: 筆