Make-up saleswomen use live-streaming marketing to boost sales during China’s annual November online shopping spree. Many consumers bought products they could not afford on credit. Photo: Xinhua Make-up saleswomen use live-streaming marketing to boost sales during China’s annual November online shopping spree. Many consumers bought products they could not afford on credit. Photo: Xinhua
Make-up saleswomen use live-streaming marketing to boost sales during China’s annual November online shopping spree. Many consumers bought products they could not afford on credit. Photo: Xinhua

China’s financial regulators fret about fintech’s power, and its risks to financial security. Here’s why

  • China is the largest market for Big Tech credit worldwide, followed by Japan and South Korea
  • Big Tech lending hit US$516 billion in China by the end of last year

Topic |   China economy
Make-up saleswomen use live-streaming marketing to boost sales during China’s annual November online shopping spree. Many consumers bought products they could not afford on credit. Photo: Xinhua Make-up saleswomen use live-streaming marketing to boost sales during China’s annual November online shopping spree. Many consumers bought products they could not afford on credit. Photo: Xinhua
Make-up saleswomen use live-streaming marketing to boost sales during China’s annual November online shopping spree. Many consumers bought products they could not afford on credit. Photo: Xinhua
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