Monday, July 29, 2019

Jack Ma’s $290 billion loan machine is changing Chinese banking

For China’s $13 trillion economy, which expanded at its weakest pace since at least 1992 last quarter, the implications could be profound. https://ift.tt/2GDkbzV https://ift.tt/eA8V8J

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Sources: SoftBank invites more banks to join its $40B loan backing its OpenAI investment, requiring them to commit ~$5B each; SoftBank has already invested $30B (Bloomberg)

Bloomberg : Sources: SoftBank invites more banks to join its $40B loan backing its OpenAI investment, requiring them to commit ~$5B each;...