Alibaba Billionaire Ma to Stir Up China Loan Market

Alibaba Billionaire Ma to Stir Up China Loan Market Play

July 15 (Bloomberg) -- China has authorized billionaire Jack Ma’s Alibaba Group to expand funding for its online loans business, designed to shake up an industry divided into heavily regulated state banks and shady financing schemes. Mia Saini reports on Bloomberg Television's "On The Move Asia." (Source: Bloomberg)

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