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With deep pockets and existing mobile repayments infrastructure, these firms take over

With deep pockets and existing mobile repayments infrastructure, these firms take over Balance-sheet financing is thriving in Asia, too. Tech leaders Alibaba, Tencent and Baidu each offer unsecured customer loans through their particular online banking institutions, MYbank, WeBank and Jinrong. Chinese technology leaders have actually aggressively pursued synergies between different divisions of the sprawling organizations. […]

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