HONG KONG -- Hungry for new growth avenues, China's top internet businesses such as JD.com and ZhongAn Online P&C Insurance are moving into online banking in Hong Kong to experiment with fresh services as they eye expansion overseas.
Companies
Chinese internet giants test virtual banking in Hong Kong
JD.com and ZhongAn will test new services before expanding overseas
A view of Hong Kong's financial district. Chinese internet giants view the city as an ideal launching pad for virtual banking with its well-regulated market and entrenched cash culture. © Reuters
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