You are here

Jack Ma's bank going deeper where other lenders fear to tread

MYbank is looking to win over 'as many as possible' of China's 70 million to 80 million small businesses as clients
Tuesday, July 4, 2017 - 05:50

BT_20170704_CPMYBANK4_2963052.jpg
MYbank, a two-year-old online lender, targets small businesses with little access to bank loans because they lack collateral.

Shanghai

MYBANK, the two-year-old Chinese online lender that already has a sizeable base of small-business customers, plans to push deeper into a segment that has long been shunned by the country's largest banks.

MYbank wants to capitalise on its links to billionaire Jack Ma's

sentifi.com

Market voices on:

Nespresso
Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at btsub.sg/btdeal

Powered by GET.comGetCom