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
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
