China central bank nod for credit-scoring JV backed by Ant, state firms

China central bank nod for credit-scoring JV backed by Ant, state firms

Ant Group's Hangzhou Headquarters. Source: Ant Group

China‘s central bank said on Friday it had accepted the application to set up a personal credit-scoring joint venture backed by Alibaba’s fintech affiliate Ant Group and other firms.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter