Ant Financial Services owns 30 per cent of MYBank. Photo: Xinhua
Jack Ma’s US$290 billion loan machine at MYbank is changing Chinese banking, in a harbinger of the financial industry’s revolution
- MYbank has lent 2 trillion yuan to nearly 16 million small companies, with a default rate of 1 per cent
Topic |
Banking & Finance
Ant Financial Services owns 30 per cent of MYBank. Photo: Xinhua