Browse/search for people

Publication - Dr Lerong Lu

    How A Little Ant Challenges Giant Banks? The Rise of Ant Financial (Alipay)'s Fintech Empire and Relevant Regulatory Concerns

    Citation

    Lu, L, 2018, ‘How A Little Ant Challenges Giant Banks? The Rise of Ant Financial (Alipay)'s Fintech Empire and Relevant Regulatory Concerns’. International Company and Commercial Law Review, vol 28., pp. 12--30

    Abstract

    This article examines the development, business model, legal and regulatory aspects of the world’s largest fintech company – Ant Financial Services Group (Alipay). It offers an insight into how the buoyant fintech sector is reshaping the landscape of the financial industry as well as what challenges fintech has posed to traditional banks. Moreover, it points out certain financial risks associated with Ant Financial’s innovative services that merit attention from global financial regulators.

    Full details in the University publications repository