Alibaba into the microfinance market

Hangzhou, Zhejiang Alibaba Trade and Industry Bureau has small loans to the Corporation issued a business license, which is the mainland's first e-commerce business license small loan company.

Taobao, Alibaba Group's brewing recent "order loan" financial loans in the future without Taobao sellers directly to Alibaba through bank loans. Taobao sellers generally small dilemma facing a liquidity shortage, but costs are low, short term, most sellers can not get loans from banks.

Taobao sellers with orders unsecured loan application

The small loan company Alibaba set up small and medium sized sellers to help the public to address the temporary shortage of funds. As long as the current sellers have "the seller has shipped" orders, you can apply for loans, and no mortgage, loans funded by the Zhejiang Alibaba Alibaba Group Holdings Ltd to provide small loans. However, specific eligibility criteria and detailed operational procedures have not yet announced. Zhejiang Branch of Trade and Industry Bureau, deputy director of the money directly Shun Yao said that this marks  Zhejiang small loans have been extended to e-commerce.

It is reported that, according to the current trading Taobao, Alipay transactions by buyers and sellers, while sellers in the subject after the delivery, "the buyer to confirm" in order to receive the funds, of which there is a not a short period. "We wait for the buyer to confirm payment after delivery will take time, but also pressure manufacturers money." Taobao two diamond shop owner Mr. Wong admitted that on many like him Taobao primary sellers, money chain is not smooth . Insiders pointed into the field of microfinance Alibaba, Taobao sellers and the vast majority of the struggling e-commerce for small and medium underfunded, have reference.