'Credit cities' make inroads in China
China Daily | Updated: 2017-07-25 07:42
HANGZHOU - Zhang Hao found a job at a securities company in the eastern city of Hangzhou after graduation.
The 28-year-old then saw an apartment he liked online before logging on to the mobile payment app Alipay, which is part of the sprawling e-commerce powerhouse Alibaba Group Holding Ltd.
Alipay rates a customer's credit based on their consumption and investment habits on the app.
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