How A Little Ant Challenges Giant Banks? The Rise of Ant Financial (Alipay)'s Fintech Empire and Relevant Regulatory Concerns

International Company and Commercial Law Review (2018), Sweet & Maxwell, ISSN: 0958-5214, Vol. 28(1), pp. 12­-30

19 Pages Posted: 15 Oct 2017 Last revised: 31 Jan 2018

See all articles by Lerong Lu

Lerong Lu

University of Bristol Law School

Date Written: January 1, 2018

Abstract

This article examines the development, business model, legal and regulatory aspects of the world’s largest fintech company – Ant Financial Services Group (Alipay). It offers an insight into how the buoyant fintech sector is reshaping the landscape of the financial industry as well as what challenges fintech has posed to traditional banks. Moreover, it points out certain financial risks associated with Ant Financial’s innovative services that merit attention from global financial regulators.

Keywords: fintech, financial regulation, Ant Financial Services Group, Alipay, Alibaba, mobile payment, China

Suggested Citation

Lu, Lerong, How A Little Ant Challenges Giant Banks? The Rise of Ant Financial (Alipay)'s Fintech Empire and Relevant Regulatory Concerns (January 1, 2018). International Company and Commercial Law Review (2018), Sweet & Maxwell, ISSN: 0958-5214, Vol. 28(1), pp. 12­-30. Available at SSRN: https://ssrn.com/abstract=3052318

Lerong Lu (Contact Author)

University of Bristol Law School ( email )

Wills Memorial Building
Queen's Road Clifton
Bristol BS8 1RJ, BS8 1RJ
United Kingdom

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