{"id":35448,"date":"2018-07-31T07:33:06","date_gmt":"2018-07-31T05:33:06","guid":{"rendered":"https:\/\/www.w-t-w.org\/en\/?p=35448"},"modified":"2018-07-31T07:45:00","modified_gmt":"2018-07-31T05:45:00","slug":"a-financial-technology-giant","status":"publish","type":"post","link":"https:\/\/www.w-t-w.org\/en\/a-financial-technology-giant\/","title":{"rendered":"A Financial-Technology Giant"},"content":{"rendered":"

\"\"<\/a>Jack Ma\u2019s Giant Financial Startup
\nis Shaking the Chinese Banking System.<\/p>\n

Ant Financial is transforming how Chinese run their daily finances, drawing flak from big banks and warning shots from the government.<\/p>\n

Stella Yifan Xie reports: Ant Financial Services Group, founded by Chinese billionaire Jack Ma, has become the world\u2019s biggest financial-technology firm, driving innovations that let people use their phones for buying insurance as easily as groceries, enabling millions to go weeks at a time without using physical cash.<\/p>\n

\n

That success is also putting a target on the company\u2019s back. China, even more than the U.S., is now under pressure to reckon with the disruptive power of a financial-technology giant.<\/p>\n

It handled more payments last year than Mastercard,<\/span> controls the world\u2019s largest money-market fund and has made loans to tens of millions of people. Its online payments platform completed more than $8 trillion of transactions last year\u2014the equivalent of more than twice Germany\u2019s gross domestic product…..WSJ<\/a><\/p>\n

\"\"

Chinese Tech Billionare Jack Ma’s Ant Financial<\/p><\/div>\n

 <\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Jack Ma\u2019s Giant Financial Startup is Shaking the Chinese Banking System. Ant Financial is transforming how Chinese run their daily finances, drawing flak from big banks and warning shots from the government. Stella Yifan Xie reports: Ant Financial Services Group, … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[13],"tags":[],"class_list":["post-35448","post","type-post","status-publish","format-standard","hentry","category-finance"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t