Alibaba’s Yuebao gives China's banks a rude awakening

The explosive growth of Yuebao has alarmed banks and Chinese regulators alike. Here's why.

Graph for Alibaba’s Yuebao gives China's banks a rude awakening

A man uses Yuebao, the fund management platform under Alipay of Alibaba Group and Tian Hong Asset Management, on his smartphone in Dalian city, northeast Chinas Liaoning province, 17 February 2014. AAP

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