The Parallax: Why (and how) China is tying social-media behavior to credit scores

The Parallax: Why (and how) China is tying social-media behavior to credit scores. “As America struggles to keep tabs on consumer credit scores in the tumultuous wake of last year’s Equifax breach, China is preparing to flip the switch on a new type of credit score. In 2020, Alibaba, Tencent, and Baidu, China’s most popular social networks, will be required to include all users in social-credit systems unique to their platforms. And each Chinese citizen using these networks will be given a credit score based on his or her online behavior. Scoring high will open financial doors; scoring low will slam them shut.”

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