Internet finance is in, but is banking out?
Updated: 2014-02-21 08:29 (chinadaily.com.cn)The rapid growth of Internet financing has been on a roll ever since , an affiliate of , rolled out its Yu'E Bao, the country's first-ever wealth management product, on June 14, 2013. The online financial system is taking away the market share of traditional banks, and challenging how traditional banks carry out their businesses (more).
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The world's second-largest economy has become the latest battlefield for dot-com companies with online businesses booming (more).
