China's tech giants are taking over consumer finance in the country using their AI expertise. Illustration: SCMP
China's tech giants are taking over consumer finance in the country using their AI expertise. Illustration: SCMP
Fintech
Tech /  Policy

How AI and big data helped China’s tech giants dominate consumer finance

  • China’s tech giants have the secret recipe that can improve the buying journey and they are applying this to consumer credit
  • The aim is to build a much more accurate picture of a user’s credit profile by using a range of online data as opposed to traditional credit scoring

Tracy QuCoco Feng
Tracy Qu in Hong Kongand Coco Feng in Beijing

Updated: 10:22am, 27 Nov, 2020

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China's tech giants are taking over consumer finance in the country using their AI expertise. Illustration: SCMP
China's tech giants are taking over consumer finance in the country using their AI expertise. Illustration: SCMP
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