Beijing, 22nd March: Hangzhou-based e-commerce company, Alibaba Group, plans to expand its small-loans business this month partnering with two more financial institutions, the China Construction Bank (CCB) and Industrial and Commercial Bank of China (ICBC). AliLoan, the company’s loans division, has facilitated loans worth US$4.1 billion as of the end of January this year and AliLoan is seeking agreements with 15 other commercial banks including the Bank of China (BOC) and the Agricultural Bank of China. A pilot project has already been carried out with the BOC in Zhejiang Province.  Source:  Business Strategies Group