Alibaba-Wanxiang, Fosun-Juneyao partnerships hope to set up private banks -Securities Times
July 30, 2014 at 23:39 PM EDT
SHANGHAI, July 31 (Reuters) - Two Chinese partnerships, one of which involves Alibaba Group Holdings Ltd's financial services affiliate, are still hoping to get private banking licences after missing the initial batch of approvals for China's very first private lenders, the Securities Times said on Thursday.