> according to their own prospectus, less than 10% of Ant's revenue comes from true technological innovation -- more than 90% of their revenue comes from standa

> according to their own prospectus, less than 10% of Ant's revenue comes from true technological innovation -- more than 90% of their revenue comes from standard financial services, such as payments, loan issuance and wealth management services. Efficiency enhancement due to tech contributes a small portion of Ant's business revenue, yet they claim the mantle of a tech company, and by doing so, seek to avoid appropriate regulatory oversight. > Left unaddressed, the OTD-style business model has the potential to not only seduce Chinese consumers into taking on debt they cannot repay, but also to crush the small and medium commercial banks, and have a major negative impact on China's entire financial system, and therefore the rest of the world.