Recently, a number of users of Huabei, a consumer credit product of Alipay, reported that they have received an upgrade prompt which requires users to agree to allow the company to access their financial credit information.
51 Credit Card, China’s largest credit card service startup in terms of monthly active users (MAU), saw its share price plummet by 34.32% to $1.77 HKD today.
On August 20, Apple officially released a credit card under its own brand in the US. The minimalist white titanium card backed by Goldman Sachs was met with mixed emotions by professionals and casual Apple fans alike.