久久亚洲国产成人影院-久久亚洲国产的中文-久久亚洲国产高清-久久亚洲国产精品-亚洲图片偷拍自拍-亚洲图色视频

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Technology

Sina set to enter world of online lending

Updated: 2017-04-26 07:27
Share
Share - WeChat

Visitors gather at a Sina Corp stand at an internet expo held in Beijing. [Photo by Zhu Xingxin/China Daily]

Sina Corp, the company behind what's commonly known as China's Twitter, is preparing to compete with the country's web giants in online lending as the mobile market starts to slow.

Sina, which controls online messaging service Weibo Corp, plans to create a separate company dedicated to providing internet finance across its services, Chairman Charles Chao said in an interview with Bloomberg Television.

In doing so, it will be opening a new battlefront with larger rivals Tencent Holdings Ltd and Alibaba Group Holding Ltd. Despite being late to the burgeoning industry, Chao told investors in November that Sina's standing and customer information would help it move quickly once it got the required licenses.

Chao's company has enjoyed accelerating revenue growth in the past 12 months, thanks largely to the rapid take-up of Weibo in rural areas. But that's been tied to rising smartphone sales, which are beginning to slow.

The company is now shunting for new sources of income and has identified online lending-a highly competitive and increasingly regulated arena. Sina said it can make use of data covering hundreds of millions of users that read its news, exchange messages on Weibo and access its websites.

"This is a long shot. We need patience in this area," Chao said at an industry conference in the Central China city of Zhengzhou. "We do have a big dollar-amount investment in this area," he said without elaborating.

Chinese regulators have begun to clamp down on internet financing and peer-to-peer lending after some of the scores of nascent online loan outfits that have sprung up in past years fell under suspicion of perpetuating Ponzi schemes. Chao, a former PricewaterhouseCoopers auditor, said he welcomed government intervention as it would help normalize a saturated market. In an encouraging sign, Sina Pay-which its users employ to pay for services onlineis already gaining traction, he said.

China has leapfrogged ahead to become the global center of financial technology innovation and adoption, outpacing the likes of New York, London and Singapore by a wide margin, according to a joint report by consultancy Ernst& Young and DBS Bank in 2016.

While the speed, sophistication, and scale of development of China's fintech ecosystem have been at a level unmatched in more established markets, the willingness of Chinese consumers to adopt fintech services is just as striking, the study said.

For instance, 40 percent of consumers in China are using new payment methods compared to 4 percent in Singapore, said the agencies. Around 35 percent are using fintech to access insurance products compared to 1-2 percent in many Southeast Asian markets.

Chao said Sina's edge is its detailed knowledge of users. Weibo is commonly used to post everything from videos to text messages and 313 million people access it at least once a month-on par with Twitter. Once combined with information from other sources, that data could be used to better evaluate loan risks.

But as Alipay and WeChat Pay become the duopoly in the area-they had a combined share of more than 80 percent of the third-party payment market in China by 2016, according to IT consultancy Analysys-things are getting tougher for Sina, said Li Chao, a fintech expert at Beijing-based iResearch Consultancy Group.

"It's doubtful whether the stickiness of Weibo users-who normally spend less time on Weibo than on WeChat-is able to help build an accurate and reliable risk control model crucial for online lending," said Li.

BLOOMBERG-CHINA DAILY

 

 

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 欧美日本在线一区二区三区 | 精品一区二区三区免费观看 | 成人中文字幕在线观看 | 国产午夜永久福利视频在线观看 | 看三级网站 | 日韩三级中文 | 欧美成人私人视频88在线观看 | 精品在线播放视频 | 一级a毛片免费观看 | 久草一级片 | 亚洲欧美国产精品久久久 | 亚洲第一视频在线播放 | 午夜综合 | 国产a级特黄的片子视频免费 | 狠狠色丁香九九婷婷综合五月 | 国产欧美久久久另类精品 | 成人a毛片手机免费播放 | 成年美女黄网站小视频 | 亚洲国产毛片aaaaa无费看 | 亚洲国产成人私人影院 | 亚洲 欧美 日韩中文字幕一区二区 | 日本高清毛片视频在线看 | 国产欧美一区二区三区免费看 | 日韩一区二区精品久久高清 | 国产欧美在线一区二区三区 | 九九视频免费精品视频免费 | 久久精品99 | 美女在线网站免费的 | 99在线视频观看 | 国产盗摄精品一区二区三区 | 成人中文字幕在线观看 | 日本九九视频 | 91年精品国产福利线观看久久 | 天堂视频在线免费观看 | 免费一区二区三区久久 | 国产午夜一级淫片 | 国产亚洲精品精品国产亚洲综合 | 青青操在线视频 | 最新版天堂资源中文官网 | 日本久久不射 | 中文字幕一区二区在线观看 |