According to HSBC, its partnership with Cainiao could support new economy firms by using big data to simplify the approvals process. Photo: Roy Issa
HSBC teams up with Alibaba’s Cainiao logistics unit to offer quick loans to Tmall merchants in Hong Kong
- Seven-day approvals for trade financing loans of up to US$500,000 offered as part of partnership
- Merchants must agree to let Cainiao pass on comprehensive information to HSBC for credit assessment
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HSBC
According to HSBC, its partnership with Cainiao could support new economy firms by using big data to simplify the approvals process. Photo: Roy Issa