How China’s online microlenders reached a tipping point in world’s biggest mobile internet market
[ Today the 26-year-old company clerk in Shanghai pays for roughly half her monthly expenditure of 8,000 yuan via Huabei, which covers goods not only sold on Alibaba’s online shopping platforms but also a range of offline stores that also accept the credit service. Alipay is owned by Ant Group, an affiliate of Chinese e-commerce … Read more