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

Lerong Lu

Research output: Contribution to journalArticle (Academic Journal)peer-review

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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.
Original languageEnglish
Pages (from-to)12­-30
JournalInternational Company and Commercial Law Review
Volume28
Issue number1
Publication statusPublished - 1 Jan 2018

Keywords

  • fintech
  • financial regulation
  • Ant Financial Services Group
  • Alipay
  • Alibaba
  • mobile payment
  • China
  • banking law

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