Alibaba & Tencent Spurn PBoC Credit-Scoring

Chinese tech titans Alibaba and Tencent are spurning the government’s private credit-scoring protocol by restricting access to customer data. The private credit-scoring firm Baihang was launched in March 2018 by the People’s Bank of China (PBoC) in an effort to collect data on residents without a credit history. An estimated 460 million people in China . . . MORE

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