As Visa Inc., Mastercard Inc. and American Express Co. prepare to enter China for the first time, one of their biggest competitive threats will come from a company that doesn’t issue credit cards. Jack Ma’s Ant Financial, already the biggest player in China’s $27 trillion payments market, is leveraging its ubiquitous Alipay mobile app to mount a rapid expansion into consumer lending. Instead […]
Last week, the U.S. and China signed a phase one trade deal that will be big for farmers and manufacturers. The trade pact calls for China to import $95 billion more of certain U.S. goods in 2021 as in 2017, or double the current amount. But there is much more than that. There is intellectual […]
ondon and Stockholm may be home to the continent’s largest fintechs, but they are stunted by a lack of imagination — at least according to Tunde Olanrewaju, senior partner at McKinsey. Speaking at Mckinsey’s London headquarters at an event co-hosted with Sifted and executive search and leadership advisory firm Eric Salmon & Partners, Olanrewaju noted […]
Some small-and medium-sized companies in China’s financial sector have struggled to comply with stricter regulations and many have closed this year, leaving the market open for industry giants. This year has been a tumultuous one for China’s financial technology companies as they faced tough competition, regulatory challenges and market volatility. In this review, CapitalWatch is […]
