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Opinion

Fintech disrupter model is broken beyond repair

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

Joe Zhang
| 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.

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