By July, Chinese banks and trust companies had ~$230B in outstanding loans to users who borrowed via Alipay, a factor in new regulatory scrutiny of Ant Group (Wall Street Journal)




Wall Street Journal:

By July, Chinese banks and trust companies had ~$230B in outstanding loans to users who borrowed via Alipay, a factor in new regulatory scrutiny of Ant Group  —  Partnering with the fintech giant has higher risks for smaller lenders, which are already on shaky ground





Source link