How China's microlending industry has reached critical mass. Illustration: SCMP
How China’s online microlenders reached a tipping point in world’s biggest mobile internet market
- Much of the country’s microlending industry has grown on the back of China’s massive mobile phone user base
- China’s tech giants have been able to apply their AI and big data capabilities to microlending, with algorithms crunching a range of user data
How China's microlending industry has reached critical mass. Illustration: SCMP