Empowerment of Grassroots Consumers:  A Revelatory Case of a Chinese Fintech Innovation

Tan, T.C.; Zhang, Ying; Heng, Cheng Suang; Ge, Chunmian

doi:10.17705/1jais.00658

Cited by 12 publications

(15 citation statements)

References 71 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…And because of its societal importance, financial markets all across the globe tend to be heavily protected and regulated and the emergence of fintech innovations can be perceived as a threat to the extent of control and influence exerted by regulatory authorities and policymakers (Zetsche et al, 2017). A recent example is the failed initial public offering (IPO) of the Chinese fintech giant Ant Financial, which operates the Alipay and Yu'ebao platforms (T. Tan et al, 2020) that have ‘fundamentally changed the way hundreds of millions of Chinese citizens spend, save, invest and borrow money’ 6 . A root cause commonly cited for the failure of what has been dubbed ‘the biggest IPO in history’ is that Ant's business model presents systemic financial risks that the Chinese government may not be able to control 7 .…”

Section: Literature Reviewmentioning

confidence: 99%

“…We will emphasise here that our unit of analysis is a fintech platform as opposed to a fintech firm, and while fintech platforms tend to be more commonly associated with start-ups (Cortina Lorente & Schmukler, 2018;, they may be owned and operated by larger and more established entities as well (see e.g., T. Tan et al, 2020). In addition, it is possible for a single fintech firm, whether a start-up or an established entity, to own and operate multiple platforms even as each platform is typically regarded as a distinct line of business that could require different competitive strategies (Leong et al, 2017).…”

Section: Introductionmentioning

confidence: 99%

“…Finally, we will assess if there are limitations in the findings and prescriptions of existing fintech studies when they are juxtaposed with our theoretical lens and present a research agenda to steer future studies in the area of fintech platform strategies toward addressing those limitations. We will emphasise here that our unit of analysis is a fintech platform as opposed to a fintech firm, and while fintech platforms tend to be more commonly associated with start‐ups (Cortina Lorente & Schmukler, 2018; Haddad & Hornuf, 2019), they may be owned and operated by larger and more established entities as well (see e.g., T. Tan et al, 2020). In addition, it is possible for a single fintech firm, whether a start‐up or an established entity, to own and operate multiple platforms even as each platform is typically regarded as a distinct line of business that could require different competitive strategies (Leong et al, 2017).…”

Section: Introductionmentioning

confidence: 99%

See 2 more Smart Citations

The strategic options of fintech platforms: An overview and research agenda

Tan

Sun

et al. 2022

Information Systems Journal

View full text Add to dashboard Cite

The failure rate of fintech platforms is disproportionately high, which may be because (1) there is a lack of published knowledge on the appropriate strategies to adopt and/or (2) the traditional prescriptions for strategy may be less relevant in the context of fintech platforms. To ascertain either or both of these possibilities, we conducted a comprehensive review of the fintech literature and found that not only is there a relative paucity of research on Fintech Strategies, but there are also important limitations associated with the existing works. To address these limitations, we first identified the unique characteristics of fintech platforms and the strategic implications of those characteristics. Next, we adapted a framework made up of six conventional core logics of strategy and juxtaposed the prescriptions of those logics with the unique characteristics identified. Finally, we constructed a research agenda consisting of a number of open questions based on our analysis to provide directions for future research in this area. The agenda suggests that fintech platform strategies have to account for competing institutional logics stemming from the platforms' dual identity and the tensions between conforming for legitimacy and differentiating for competitive advantage. There is also a need to account for an exceptionally dynamic and unpredictable regulatory landscape, as well as the responses and competitive actions of influential market incumbents.

show abstract

Section: Literature Reviewmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

See 1 more Smart Citation

The strategic options of fintech platforms: An overview and research agenda

Tan

Sun

et al. 2022

Information Systems Journal

View full text Add to dashboard Cite

show abstract

“…At the same time, the development and planning of cultural and creative industries in Anhui Province is a systematic project, which needs to arrange and allocate research tasks by taking into account and coordinating the governance of various industrial issues [ 24 ]. At the macro level, there are development and cultural differences between the north and south of Anhui Province, and the Anhui River culture, Huaihe culture, and Huizhou culture coordinate with each other to absorb and learn from each other's experience in the development of cultural and creative industries; in addition, it is necessary to bring into play the cultural resources and economic advantages of the southern region of Anhui Province to support the development of cultural and creative industries in the northern region of Anhui Province.…”

Section: Research Recommendationmentioning

confidence: 99%

The Innovation and Development Path of Cultural and Creative Industries in Anhui Province, China: Nvivo12-Based Policy Text Analysis

Zeng

Lei

2022

Computational Intelligence and Neuroscience

View full text Add to dashboard Cite

The policy planning of cultural and creative industries is the leading factor affecting the development of cultural and creative industries and is also an important factor in driving China’s economic transformation. How to combine the policy with the actual industrial development and how to scientifically assess the construction effect of cultural and creative industries and build the corresponding planning system are the key points of the current development of cultural and creative industries in Anhui Province, China. The study first analyzes the regional cultural characteristics and development status of Anhui Province, then uses Nvivo12 qualitative software to conduct grounded research and qualitative text analysis on 20 Chinese cultural and creative industry development policy texts, and summarizes three core elements that promote the development of China’s cultural and creative industry: “development task,” “development goal,” and “development guarantee.” Then, according to the three core elements of the text, we propose policy recommendations for the innovation and development of Anhui’s cultural and creative industries: focus on “cultural heritage and sustainable development” policy formulation, explore Anhui’s regional characteristics and culture; strengthen the development of urban-rural cultural integration and mechanism innovation; optimize and adjust the structure and supply of cultural industries; top-level design to clarify the strategic direction of culture, and coordinate the research tasks to empower industrial innovation. Relying on new media means, it integrates three major development strategies to build a new mechanism for internationalized communication of cultural and creative industries in Anhui Province, develop regional advantageous industries, form advantageous cultural industry clusters, effectively spread local culture, and promote sustainable development of local economy.

show abstract

“…Some research analyzed the impact of risks presented in the Internet financial products market. Tan et al [6] conducted an in-depth revelatory case study on Yu'E Bao. Fernandes et al [7] adopted the autoregressive distributed lag (ARDL) model and analyzed the contribution of digital financial services to financial inclusion in Mozambique.…”

Section: Literature Reviewmentioning

confidence: 99%

Research on the Dependence Structure and Risk Spillover of Internet Money Funds Based on C‐Vine Copula and Time‐Varying t‐Copula

LinLin

SunHan

et al. 2021

Complexity

View full text Add to dashboard Cite

Internet money funds (IMFs) are the most widely involved products in the Internet financial products market. This research utilized the C-vine copula model to study the risk dependence structure of IMFs and then introduces the time-varying t-copula model to analyze the risk spillover of diverse IMFs. The results show the following: (1) The risks of Internet-based IMFs, bank-based IMFs, and fund-based IMFs have obvious dependence structure, and the degree of risk dependence among different categories of IMFs is significantly different. (2) There are risk spillover effects among diverse IMFs, and their risk dependence relationship is characterized by cyclical feature. (3) The risk spillover effect among diverse IMFs is pronounced, and dynamic risk dependence between IMFs is characterized by synchronization.

show abstract

Empowerment of Grassroots Consumers: A Revelatory Case of a Chinese Fintech Innovation

Cited by 12 publications

References 71 publications

The strategic options of fintech platforms: An overview and research agenda

The strategic options of fintech platforms: An overview and research agenda

The Innovation and Development Path of Cultural and Creative Industries in Anhui Province, China: Nvivo12-Based Policy Text Analysis

Research on the Dependence Structure and Risk Spillover of Internet Money Funds Based on C‐Vine Copula and Time‐Varying t‐Copula

Contact Info

Product

Resources

About