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Alibaba affiliate launches Internet bank for SMEs, ‘little guys’ | Reuters

LessThunk: Internet banks by smart new companies will eat traditional banks. Time is ready for a major disruption.

Alibaba Group Holding Ltd’s financial affiliate launched on Thursday Internet bank MYbank, targeting the small- and medium-sized Chinese enterprises that have struggled to obtain credit from major

Source: Alibaba affiliate launches Internet bank for SMEs, ‘little guys’ | Reuters


Categorised as: banking

Posted by: Kramer



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