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Alibaba Group Holding Ltd. Opens New Financial Business Online, Makes Bad-Loans Auctions Site : Business : Yibada

LessThunk: The invention and disruption in the banking world continues. Who needs banks anyway? Alibaba, Tencent, Facebook, etc. will all eat these dinosaurs.

 

Alibaba Group Holding Ltd. creates a bad-loans auctions site, whose processess will commence on June 20. The move is part of the e-commerce firm’s venture into a new financial business online.

Source: Alibaba Group Holding Ltd. Opens New Financial Business Online, Makes Bad-Loans Auctions Site : Business : Yibada


Categorised as: banking | Investing

Posted by: Kramer



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