MYbank’s initial strategy is to concentrate on issuing small loans of less than US$805,500 for SMBs, entrepreneurs and consumers MYbank, a startup backed by Ant Financial Services Group — an affiliate of Chinese e-commerce giant Alibaba Group — has launched a digital-only bank to provide “inclusive and innovative financial solutions” at lower cost to under-banked...
The post Alibaba’s affiliate launches digital-only bank for SMBs in China appeared first on e27.
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The post Alibaba’s affiliate launches digital-only bank for SMBs in China appeared first on e27.
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