Thank you for myself. I haven't carried my wallet. Like my agriculture wallet for the last five years.

If I go also, I just need to manage myself. Like my cell phone is my most important property.

I buy my wallet so that 1000

The very first incarnation of Citibank opened in September 1812.

Two hundred years later, they operate two and a half thousand branches in 160 countries

and employ a little over 200,000 people for a market capitalisation in the region of

200 billion US dollars.

And financial, on the other hand, has a workforce one-twelfth of that, operates no branches

and has a history that goes back only as far as 2014.

And yet, in the excitement of last year's later abandoned IPO, they were valued as much

as 50% higher than city.

This is hard to lend money to strangers, a podcast about lending strategy, and I'm your

host, Brendan Lagrange.

In tonight's episode, I take a closer look at the consumer credit marketplace in China

with two expert guests, Dr. Zong Liu and Dr. Riefeng Liu.

Despite their shared surnames and impressive credentials, they are not related, but both

men do share a similar background.

Both completed their PhDs and began their credit risk careers in North America, and both

have spent much of the last decade back in China shaping the consumer credit landscape

that enabled and impressive growth.

We talk about some of the factors that allowed the two big super apps to assume the positions

of great power they hold today.

...