Related News
Alibaba finance arm taps boom
By Ding Yining |
February 20, 2013, Wednesday
|
Print Edition
Print Edition
ALIBABA Group will offer collateral-free credit loans to qualified small business owners in Guangdong Province as China's largest e-commerce company expands its financing arm.
There are as many as 10 million registered Alibaba members in the province and eligible vendors may get a maximum loan of 3 million yuan (US$483,871), Alibaba said on Monday. The size of the loan will be based on ratings given by customers to the vendor as well as the number of orders received.
Alibaba is building up its financing arm to tap its booming online business as more vendors move online to attract consumers. It launched its financing business in Shanghai and the Yangtze River Delta region two years ago.
There are as many as 10 million registered Alibaba members in the province and eligible vendors may get a maximum loan of 3 million yuan (US$483,871), Alibaba said on Monday. The size of the loan will be based on ratings given by customers to the vendor as well as the number of orders received.
Alibaba is building up its financing arm to tap its booming online business as more vendors move online to attract consumers. It launched its financing business in Shanghai and the Yangtze River Delta region two years ago.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
