The loading page for Ant Financial's Alipay application. The company has been given permission to issue mainland China’s first security backed by loans to online retailers. Photo: Bloomberg

Ant Financial to issue China’s first security backed by loans to online retailers

Move opens a new financing channel for smaller retailers selling through big e-commerce sites

Topic |   Alibaba

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The loading page for Ant Financial's Alipay application. The company has been given permission to issue mainland China’s first security backed by loans to online retailers. Photo: Bloomberg
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