Jack Ma's MYbank to target small businesses big banks won't touch

Jack Ma's MYbank to target small businesses big banks won't touch

Billionaire Jack Ma, chairman of Alibaba Group Holding Ltd., looks on during news conference in Hong Kong, China, on Tuesday, Nov. 1, 2016. Photographer: Anthony Kwan/Bloomberg

MYbank, the two-year-old Chinese online lender that already has 3.5 million small-business customers, plans to push deeper into a segment that’s long been shunned by the country’s largest banks.

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