China Banking Research

As a national idol and a self-made billionaire in China, Jack Ma has already shown how he could change the e-commerce industry. He is now creating an internet entertainment empire with Alibaba’s previous expansion into music and movies, and now sports.

China’s economy is changing. Consumers have taken to e-commerce in a big way and have clicked and shopped their way to make China’s e-commerce industry the biggest in the world. A key enabler has been financial reform, which has let the online and mobile payments industry grow and develop. Yet…