In a short space of time Alibaba’s Ant Financial has created—and scaled—a diverse set of financial products and services: from online payments to cloud computing and data services.
This week, mainland investors pushed the Hang Seng Index to a seven-year high; Alibaba’s Ant Financial launched a Big Data-based stock index; and Cloud Live Technology teetered close to a default.
This week saw the end of Yahoo China, the Shanghai Composite Index peaked, and Uber found an unlikely partner in the Warren Buffet-backed BYD.
CKGSB professor Brian Viard on why Chinese banks are resorting to paying bank interest through Mercedes Benz cars, iPhones and even vegetables.
This week, China’s exports and imports data showed robust growth despite forecasts that were less rosy; and Alibaba’s financial arm Alipay got a makeover.
As consumers drift towards easy-to-use internet finance in China, what will happen to traditional banks? Like many businesses the world over, investment in China has gone mobile. Just ask Yang Ren Jun, a 26-year-old translator and interpreter in Shanghai. Yang initially invested RMB 3,000 in a new online investment service called Yu’e Bao (meaning “leftover treasure” in […]
Chen Long, Professor of Finance at CKGSB, believes that the authorities have to tread a fine line while regulating internet finance products in China such as Alibaba’s Yu’e Bao and Tencent’s Li Cai Tong. Here’s why. China’s most dominant online payment system is going through “the toughest, yet the most honorable moment”, says Jack Ma, President of […]
Internet finance in China is taking off and deposits in online funds such as Alibaba’s Yu’e Bao are swelling. What are the risks that investors should watch out for? Current and would-be investors in China’s tech sector titans are advised to take a closer look at the mechanics propelling the stellar growth of their online fund offerings. […]