Jack Ma’s Booming Loan Business Threatens Visa, AmEx in China
Billionaire Jack Ma, chairman of Alibaba Group Holding Ltd., attends a session at the China Green Companies Summit in Zhengzhou, China. (Photographer: Qilai Shen/Bloomberg)

Jack Ma’s Booming Loan Business Threatens Visa, AmEx in China

(Bloomberg) -- As Visa Inc., Mastercard Inc. and American Express Co. prepare to enter China for the first time, one of their biggest competitive threats will come from a company that doesn’t issue...
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