Alibaba Financial, Tmall to offer loan services

Monday 30 June 2014 | 22:48 CET | News
Chinese e-commerce company Alibaba Group's financial services arm Alibaba Financial, has partnered with the group's B2C e-commerce site Tmall to launch a loan service for the consumer segment dubbed 'Tmall Installments', Marbridge Daily reports. After a buyer confirms receipt of goods, Alibaba Financial will pay the full purchase value to the seller, with Alibaba Financial itself receiving installed payments from the buyer. Alibaba Financial said that the service is currently undergoing testing on Tmall's electronics channel, and has not yet confirmed when the service will be made more

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Categories: IT
Companies: Alibaba
Countries: China
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