Jack Ma’s Online Bank Plans a $282 Billion Lending Spree
Jack Ma, former chairman of Alibaba Group Holding Ltd., reacts during a dialog session with Masayoshi Son, chairman and chief executive officer of SoftBank Group Corp., not pictured, at Tokyo Forum 2019 in Tokyo, Japan (Photographer: Kiyoshi Ota/Bloomberg)

Jack Ma’s Online Bank Plans a $282 Billion Lending Spree

(Bloomberg) -- With China’s economy in free fall and millions of small businesses running low on cash, the online lending platform backed by billionaire Jack Ma entered crisis mode.
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