Yu'E Bao will be the New Frontline between Commercial Bank and Internet Finance
ANBOUND
With the operational scale of Yu'E Bao expanding, its impacts on commercial banking interest are getting more prevalent. Anbound research team expect that it will become the new frontline of competition between traditional banks and internet finance. More importantly, the competition between state-owned commercial banks and Yu’E Bao will not be only in the market but also in the political realm.