Alibaba Affiliate MYbank Targets Lending to 10 Million Firms

Alibaba Launches Online Lender MYbank

MYbank, the new Chinese online lender from Alibaba Group Holding Ltd.’s finance affiliate, aims to extend loans to as many as 10 million smaller enterprises in five years as it vies for a slice of a $4 trillion market.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.