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Thanks to its negotiating weight in the market, Alibaba has moved to the forefront of a new model in retail banking based on mobile transactions and high deposit rates, with Tencent and other online operators now offering similar products. The banks have been ambivalent, sometimes welcoming the Alipay deposits and sometimes banning them. What does this mean for the future of Chinese banking?
To help answer this question, AmCham China invites you to an in-depth talk with Anne Stevenson-Yang, co-founder and research director of J Capital Research, which provides economic and stock analysis on China to institutional investors. She previously founded three businesses in China, in publishing, online media, and software.
