Alibaba.com Launches Credit Service to E-Commerce Companies

Posted by Joachim Bartels | Sep 6, 2013 | Alibaba, China, E-Commerce, Trade Credit | 0 |

Alibaba Group’s B2B e-commerce subsidiary, Alibaba.com launched a financing program “e-Credit Line” in January this year to provide Open Account-style financing to China-based suppliers and their international customers regardless of their size.

The extended payment terms offered by Alibaba lasts 60, 90 or 120 days.

Alibaba.com’s venture relies on its partnership with the Bank of China, OneTouch, an Alibaba-affiliated import/export service company, and the China Export & Credit Insurance Corp. (Sinosure), a government trade-financing agency.

Source: Business Strategies Group Hong Kong – www.bsgasia.com

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Joachim Bartels

Joachim C Bartels is a co-founder, director, head of information resources and Editor-in-Chief of BIIA. In his capacity as Editor-in-Chief he is responsible for the selection of relevant information content concerning industry insights, trends, technological developments, standards and policies impacting BIIA members in particular and the business information industry in general.

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