Tech
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)
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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
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