Xiaomi's Chen Sees Problems in China's Fintech Sector

The video discusses the challenges faced by the industry, emphasizing the need for regulation to ensure proper development. It highlights the balance between innovation and regulation, and the importance of self-regulation. The discussion shifts to risk management, focusing on high debt-to-income ratios and increased funding costs. Xiaomi's market challenges are analyzed, including its timing in financial services. Despite competition from major players, the potential for growth in the Chinese market is highlighted, supported by Xiaomi's large user base and IoT devices.

In what ways can a company innovate without being stifled by regulations?

What advantages does the Chinese market provide for growth despite competition?