ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

Fintech disrupter model is broken beyond repair

Most will have to either pack up, shut up or shut down

| China
If traditional banks are willing to throw money at technology, they will likely beat the disrupters at their own game.   © VCG/Getty Images

Joe Zhang is co-chairman of SBI China Capital.

A small announcement escaped the market's attention when Xiaomi CEO Lei Jun resigned as chairman at Airstar Bank, a virtual bank in Hong Kong, saying he wanted to focus on Xiaomi's other businesses.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more