JD Finance service for college students closes as China’s fintech industry continues retreat amid regulatory tightening

Source: Tech – South China Morning PostThe financial services arm of China’s second-largest e-commerce company JD.com will stop operating a student mode within its app next month, in the latest sign of retreat in China’s fintech industry amid tightening regulations.The youth version of JD Finance, operated by JD Technology, will go offline on March 22, according to a notice in the app. Existing users will be automatically switched to the standard version within the same app.JD Technology launched the specialised mode in 2018 as a…Read More

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