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Ma Yun (4th from right), founder and chairman of China's e-commerce giant Alibaba, attends the opening ceremony of MYbank in Hangzhou, capital of East China's Zhejiang province, June 25, 2105. Alibaba-backed Internet bank "MYbank" opened on Thursday in Hangzhou. MYbank has a registered capital of 4 billion yuan ($655 million). The bank will center on financial services for small and micro business, as well as online consumers through the Internet platform. [Photo/Xinhua] |
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