Lexin is also backed by the second largest e-commerce platform in China, JD.com, which owns 11.9 per cent of the shares in the company. Photo: Handout

Have phone will borrow: Here’s the latest tech play on China’s spendthrift youth

Mainland Chinese youth are willing to borrow money for the latest ‘must have’ consumer items, but are underserved by traditional banks

Topic |   Fintech

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Lexin is also backed by the second largest e-commerce platform in China, JD.com, which owns 11.9 per cent of the shares in the company. Photo: Handout
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