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News

Member News: Jack Ma’s MYBank -online bank- is leading the way China lends to small businesses. 

Photo: Jack Ma Photographer: Marlene Awaad/Bloomberg

Using real-time payments data and a risk-management system that analyzes more than 3,000 variables, Ma’s four-year-old MYbank has lent 2 trillion yuan ($290 billion) to nearly 16 million small companies. 

 

 

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