A Long, Strange Trip for the ‘Uber for Nurses’Read more

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Banks to Reduce Consumer Loan Cooperation With Ant Group

By
Juro Osawa
· · Source: Bloomberg

Ant Group and at least a dozen banks are scaling back their cooperation in consumer loans as Chinese regulators continue to tighten their control of online lending, Bloomberg reported. Some banks are planning to reduce their joint consumer loans with Ant, while at least one bank has already stopped working with Ant altogether, according to Bloomberg. Credit and loan services, which accounted...

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