Jack Ma’s 3-minute loans are changing China’s banking4 min read . Updated: 28 Jul 2019, 08:08 PM IST
- China is quickly becoming a world leader in the use of big data and artificial-intelligence technology to make loans
- The biggest data trove may come from payments providers like the one operated by Ma’s Ant Financial, the biggest shareholder of MYbank
SHANGHAI : Jack Ma’s online bank is leading a quiet revolution in the way China lends to small businesses, taking aim at a credit bottleneck that has held back Asia’s largest economy for decades.
Select your Category
Login to enjoy exclusive benefits!
- Unlocked premium articles
- Personalized news
- Market Watchlist
- Insightful Newsletters & more