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Online Deposit Products from Fintech Giants Pulled, Regulation Continues to Tighten
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Online Deposit Products from Fintech Giants Pulled, Regulation Continues to Tighten

Dec 21, 2020
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Online Deposit Products from Fintech Giants Pulled, Regulation Continues to Tighten
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(Souce: LAT Multilingual)

JD Digits, Lufax, Baidu and many Chinese fintech giants have removed their interest-bearing online time deposit products after Alipay pulled its internet deposit product on Dec. 18, due to regulators’ increasingly strict rules. 

Beijing Business Today earlier reported that Alipay, one of the biggest e-payment platforms, has cance…

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