Swiss Economicblogs.org
Online sales juggernaut Amazon has a toe in the Internet finance business, processing payments and offering loans to the site’s merchants. What about its Chinese counterpart, Alibaba? It does those things, too. It also facilitates peer-to-peer lending, sells mutual funds and insurance policies, and has formed a private bank to lend to consumers. Who’s leading the Internet revolution now? From a modest start in processing online payments, Alibaba, online media and entertainment firm...
Read More »China’s Internet Giants Play Leapfrog in Online Finance
