Alibaba Launches Online Lender MYbank

June 24 — Alibaba is now getting into the banking game taking on some of China’s biggest institutions, while some banks have expanded into e-commerce. Bloomberg’s Yvonne Man reports on “Asia Edge.”

— Subscribe to Bloomberg on YouTube: http://www.youtube.com/Bloomberg

Bloomberg Television offers extensive coverage and analysis of international business news and stories of global importance. It is available in more than 310 million households worldwide and reaches the most affluent and influential viewers in terms of household income, asset value and education levels. With production hubs in London, New York and Hong Kong, the network provides 24-hour continuous coverage of the people, companies and ideas that move the markets.

Source