Thursday, January 16, 2014

The Biggest Thing Alibaba's Ever Done

From Bloomberg, Jan 14, 2014, 12:59:24 AM

Rebecca Ning, along with 43 million other Chinese, has found a way to make about 6 percent annually, or 17 times her usual interest rate, by tapping her phone and using technology that's disrupting China's banking status quo.

http://www.bloomberg.com/news/2014-01-13/tech-upstarts-paying-17-times-interest-upset-china-banks.html

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