Tag Archives: banking innovation

Joe Zhang: Alibaba’s Banking Innovation “Yu E Bao” and it’s Impacts

Read below Joe Zhang‘s insights on Alibaba’s banking innovation “Yu E Bao” and it’s impacts… Joe states in the SCMP article that Chinese lenders are ready to fight back if profitability is threatened. Within just six months, Yu E Bao, the partnership between the mainland’s Alibaba and fund house Tianhong Asset Management, raised 250 billion […]