recently，with the development of e-commence，internet finance is growing rapidly and has been changeling traditional banking industry. In this chapter，we analyze several major forms of internet finance and commercial banks’ engagement in applying internet and information technology to serving customers. On top of that，we summarize several strategies that commercial banks should adopt in order to deal with challenges and provide better service to their customers，such as to cooperate with internet finance companies，to launch their own platform to collect information and attract new customers，to make more investment in mobile finance，etc.