BEIJING, June 24 — Alibaba is now getting into the banking game taking on some of China’s biggest institutions, while some banks have expanded into e-commerce. Bloomberg’s Yvonne Man reports on ‘Asia Edge.’ — Bloomberg

Jack Ma, chairman of China’s largest e-commerce firm Alibaba Group, has announced its new banking arm MYlender. — Reuters pic
Jack Ma, chairman of China’s largest e-commerce firm Alibaba Group, has announced its new banking arm MYlender. — Reuters pic