{"id":3398,"date":"2015-06-30T05:42:04","date_gmt":"2015-06-30T13:42:04","guid":{"rendered":"http:\/\/associatednews.info\/content\/?p=3398"},"modified":"2015-06-30T05:42:04","modified_gmt":"2015-06-30T13:42:04","slug":"alibabas-customers-can-now-get-a-loan-based-on-their-online-shopping-history","status":"publish","type":"post","link":"https:\/\/associatednews.info\/content\/alibabas-customers-can-now-get-a-loan-based-on-their-online-shopping-history\/","title":{"rendered":"Alibaba&#8217;s customers can now get a loan based on their online shopping history"},"content":{"rendered":"<p>Alibaba spinoff Ant Financial became the latest private company to enter the Chinese banking business with todays launch of Mybank, an internet-only bank for customers and small businesses.<\/p>\n<p>Mybank will function much like a traditional bank, taking deposits and making loans up to 5 million yuan (about $805,000). But its services are tied to customers Alibaba transactions, and it will reach them through an app.<\/p>\n<p>Mybank takes no collateral from debtors. Instead, it looks at the financial data that customers and small businesses have accumulated on Alipay, Ants third-party payment service used by vendors and buyers on Taobao and Tmall to purchase items.<\/p>\n<p><a href=\"http:\/\/qz.com\/436889\/alibabas-customers-can-now-get-a-loan-based-on-their-online-shopping-history\/\" rel=\"nofollow\">article source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Alibaba spinoff Ant Financial became the latest private company to enter the Chinese banking business with todays launch of Mybank, an internet-only bank for customers and small businesses. Mybank will function much like a traditional&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[17],"tags":[439],"class_list":["post-3398","post","type-post","status-publish","format-standard","hentry","category-shopping","tag-shopping-2"],"_links":{"self":[{"href":"https:\/\/associatednews.info\/content\/wp-json\/wp\/v2\/posts\/3398","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/associatednews.info\/content\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/associatednews.info\/content\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/associatednews.info\/content\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/associatednews.info\/content\/wp-json\/wp\/v2\/comments?post=3398"}],"version-history":[{"count":1,"href":"https:\/\/associatednews.info\/content\/wp-json\/wp\/v2\/posts\/3398\/revisions"}],"predecessor-version":[{"id":3399,"href":"https:\/\/associatednews.info\/content\/wp-json\/wp\/v2\/posts\/3398\/revisions\/3399"}],"wp:attachment":[{"href":"https:\/\/associatednews.info\/content\/wp-json\/wp\/v2\/media?parent=3398"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/associatednews.info\/content\/wp-json\/wp\/v2\/categories?post=3398"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/associatednews.info\/content\/wp-json\/wp\/v2\/tags?post=3398"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}