China's buy now pay later market is set to grow — but the industry is still at a nascent stage, and challenges lie ahead, experts told CNBC.
There's been a surge of interest in BNPL services in China over the last decade, said Kapil Tuli, marketing professor at the Singapore Management University's Lee Kong Chian School of Business.
A few factors are fueling the "perfect storm" for the growing trend, according to Tuli. They include unprecedented low interest rates, the rise of online payment through "super apps" like Alipay and WeChat and extremely well-funded fintech start-ups eager to acquire new customers. The Chinese BNPL sector emerged as one of the fastest growing markets in Asia-Pacific region, according to a survey by research and consulting firm PayNXT360.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Blinken touts deeper U.S. engagement amid concern over 'aggressive' ChinaSecretary of State Antony Blinken on Tuesday touted a U.S. strategy to deepen its Asian treaty alliances, offering to boost defence and intelligence work with partners in an Indo-Pacific region increasingly concerned over China's 'aggressive actions'.
Consulte Mais informação »
China targeted Taipei's allies while U.S. hosted democracy summit- Taiwan foreign ministerNicaragua's decision last week to cut ties with Taiwan was part of a deliberate move by China to target the island's diplomatic allies after it was excluded from a democracy summit hosted by Washington, Taiwan's foreign minister said on Tuesday.
Consulte Mais informação »
Will China Really Face a Corporate Reckoning in 2022?On the latest episode of PivotPod, karaswisher and profgalloway solicit predictions from amyklobuchar, doctorow, and andrewrsorkin, who believes big business’s relationship with China may change dramatically
Consulte Mais informação »
Harvard Professor Goes on Trial on Charges of Lying About China TiesHarvard chemistry professor Charles Lieber goes on federal trial in Boston over whether he misled the U.S. Defense Department and others about his relationship with a Chinese university.
Consulte Mais informação »
Lithuania evacuates its embassy in ChinaOn the diplomatic frontline, China appears to have launched an undeclared cold war—one that it seems confident of winning
Consulte Mais informação »
China Reports First Omicron Covid-19 Case in the MainlandThe infection was discovered in a traveler who arrived in the northern port city of Tianjin from overseas on Thursday, putting what China has called its “zero tolerance” Covid-19 strategy to a further test.
Consulte Mais informação »