The data collected by the popular Chinese consumer lending service Huabei, owned by Ant Group (a subsidiary of Alibaba), will be integrated into the government’s credit reporting system. This change is the next step financial and technology giant on the way to meeting the requirements of Chinese regulators. Huabei, a service that offers consumers virtual credit cards, has announced “Advancing the process of its orderly integration into the financial credit information database held by the People’s Bank of China Credit Information Center (PBOC)”… The message said that users will be asked to agree to the transfer of data to the...