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.
Opinion
Fintech disrupter model is broken beyond repair
Most will have to either pack up, shut up or shut down
If traditional banks are willing to throw money at technology, they will likely beat the disrupters at their own game. © VCG/Getty Images
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