This is the second part of a two part series on Ant Financial. Click here to read the first part on Ant Financial’s history, ecosystem, and growth.
In a 2017 interview, Jack Ma stated very emphatically, “We have to step ahead of the regulators; we have to. Otherwise, we go nowhere.” This game of leapfrog between third party payment applications and regulators has helped served the Chinese market by letting the market decide the future of finance. Chinese fintech has clearly benefited from the boldness of companies such as Ant Financial and Tencent setting bold paths ahead of regulators, but now that regulators are getting involved, it is beneficial for the future of competition, mobile payments, and Chinese financial markets. In this blog post, will shift my focus to the implementation and effects of the 2016 clearinghouse regulation.
Continue reading “Ant Financial: Impact of China’s 2016 Clearinghouse Regulation”
Alibaba founder Jack Ma famously professed that should the government desire, he would deliver Alipay to the state. He also said that because the state banks would not change on their own, Alipay would change them. What connects these two statements is the power that Ant Financial has accumulated by becoming an indispensable part of over 500 million citizens’ lives. It’s not beyond Jack Ma’s imagination that the overwhelming power of his private company would cause integration with the state to be inevitable.
Continue reading “Understanding Ant Financial: History, Ecosystem, and Growth”
在火车的车厢里，有了一位大理当地人。她不仅告诉我在哪里能坐公车，而且请我的公车的车票 (车票只是两块钱，可礼轻人意重).青旅的名字就是 “Dragonfly Inn”，真的明说青旅不一定是又脏又臭。
Continue reading “过一个星期去云南背包游: 大理”
Continue reading “过一个星期去云南背包游: 昆明”