Tag: BANKINGChina Merchants Bank Cancels 5-Year FinTech Project with JD

After more than five years of working on a FinTech project with the Chinese e-commerce marketplace operator Jingdong Digits Technology Holding d/b/a JD (JD.com) and Joybuy (Joybuy.com), China Merchants Bank (CMB) has decided not to proceed with its planned direct banking joint venture. CMB’s board provided no reason for withdrawing…