According to HSBC, its partnership with Cainiao could support new economy firms by using big data to simplify the approvals process. Photo: Roy IssaAccording to HSBC, its partnership with Cainiao could support new economy firms by using big data to simplify the approvals process. Photo: Roy Issa
According to HSBC, its partnership with Cainiao could support new economy firms by using big data to simplify the approvals process. Photo: Roy Issa
Business /  Banking & Finance

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
Topic |   HSBC: Latest news and updates
Enoch Yiu
Enoch Yiu

Updated: 8:45am, 20 Mar, 2020

Why you can trust SCMP
According to HSBC, its partnership with Cainiao could support new economy firms by using big data to simplify the approvals process. Photo: Roy IssaAccording to HSBC, its partnership with Cainiao could support new economy firms by using big data to simplify the approvals process. Photo: Roy Issa
According to HSBC, its partnership with Cainiao could support new economy firms by using big data to simplify the approvals process. Photo: Roy Issa
READ FULL ARTICLE