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The Alibaba and Tencents private banking initiatives in China highlight expansion into new verticals

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Alibaba is expected to launch a private online bank in 2Q 2015, which follows Tencent launch in January 2015 of WeBank, China first online-only private bank. This comment discusses Alibaba and Tencent expansion into new verticals, the rationale underpinning these initiatives and the implications for other players in the market.

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Reports Details

Published Date : May 2015
No. of Pages :3
Country :China
Category :Technology
Publisher :Analysys Mason Limited
Report Delivery By :Email
Report Delivery Time :12 to 24 hours after placing the order.

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