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Dimon Says JPMorgan Is Inspired – and Worried – by China’s Fintech Progress

Jamie Dimon
Jamie DimonPhotographer: Christophe Morin/Bloomberg

Jamie Dimon recently sent some of his executives to China to scope out the competition in the financial-technology race. They came back motivated -- and a little scared.

“It’s hard not to be both impressed and a little worried about the progress China has made” with artificial intelligence and fintech, Dimon, chief executive officer of JPMorgan Chase & Co., said in a letter to shareholders Thursday. “It made our management team even more motivated to move quickly.”