In china, more than a billion people have an ap on their phone called ali pay. It's a phenomenally successful financial payment ap that lets chinese consumers pay for on line in stores and it even offers loans. Chinese regulators are making life very hard for alipe's parent company financial they've ordered ant to split off ali pay's lucrative loans unit and create a separate ap. They also ordered ant to hand over all their user data. One of the main ones is something called gebe, which is a way of using the data that's embedded into your mobile phone as a means to assess your credit worthiness.