TMCnet News
Alibaba Applies to Set Up Private Bank(Sinocast Internet, Media & Online Services Beat (China) Via Acquire Media NewsEdge) HANGZHOU, September 19, SinoCast -- A person in the know revealed that Alibaba has submitted application for setting up private bank handling petty loans based on the Internet, similar to formerly guessed online bank. The government regulators will make decisions whether to approve application of Alibaba, when the private bank will be in preparation. If vetoed, Alibaba will adjust its plans according to feedbacks. |