Editor’s note: This originally appeared on Analyse Asia a weekly podcast hosted by Bernard Leong, dedicated to dissecting the pulse of business, technology, and media in Asia. The podcast features guests from Asia’s vibrant tech community.
Zennon Kapron from China Fintech & Kapron Asia joined us in a conversation to discuss the state of fintech in China. We discussed the different verticals within the fintech sector from digital payments, peer to peer lending to wealth management. He explained how the Baidu-Alibaba-Tencent axis is dominant in fintech against the traditional Chinese banks and western banks and serve as a business model for fintech startups. Last but not least, Zennon shared how local and foreign companies need to navigate regulation.
From your various roles from CitiGroup, Intel to your current role, what are the interesting career lessons you can share? [2:20]
What inspired your interest into fintech? [3:25]
Can you talk about your role and coverage in Kapron Asia and China Fintech? [4:07]
Fintech in China [4:59]
Can you describe what fintech is and what’s the context of fintech with respect toChina? [5:23]
Is Fintech in China focused on financial inclusion or disruption to traditional banks? [6:41]
What is the environment like in China for fintech, given the existence of Baidu, Alibaba and Tencent (BAT) which have disrupted the space with their digital payments and products such as Alipay & Wechat? [8:30]
What is happening with the traditional banks, clearing houses and payment networks in China with BAT’s disruption in fintech? [10:14]
What are the strategies pursued by Western banks to go digital? How does their strategy differ from the Chinese counterparts? [11:46]
Can you talk about the different sectors & innovations for fintech in China and the most exciting startups or BAT products in the space? [13:12]