China's Fintech contributes to world in technology and business models
By Song Jingli |
chinadaily.com.cn |
Updated: 2017-09-29 10:32
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| ZhongAn Online Property and Casualty Insurance Co Ltd Chairman Ou Yaping (left) and Chief Executive Officer Chen Jin attend the debut of the company at the Hong Kong Exchanges. [Photo/Agencies] |
A: One of the uniqueness of China's internet finance is that it originated from serving a large number of population who were under-served by traditional finance. This population was so big that Fintech companies crossed their break-even point quickly. I call this the second demographic dividend of China.
Second, China's mobile payment, which is developed, has made and will make lots of Fintech company's business models possible.
