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Daily Review: How Alibaba & Amazon are Transforming Lending

Jack Ma said back in 2013, There are two big opportunities in the future financial industry. One is online banking, all the financial institutions go online; the other one is internet finance, which is purely led by outsiders. The financial industry needs spoilers to make a revolution. Ma added, Sometimes we think, ‘I can do better.’

Alibaba did follow the course of Ma’s expectations, and today, the group has strong lines of non-core business, rivaling banks and ...

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