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SMEs can use Alibaba to connect to cross-border trade finance

SMEs can use Alibaba to connect to cross-border trade finance

Chinese eCommerce conglomerate Alibaba is once again bolstering its business-to-business capabilities. Reports in the South China Morning Post on Wednesday (Jan. 13) said Alibaba revealed having more than 25 partnerships with credit rating agencies and financial institutions throughout the globe as part of its strategy to link SMEs on its platform with working capital. The collaborations mean small and medium-sized enterprises can use Alibaba to connect to cross-border trade finance, as well as to a new credit reporting tool, reports said.

Trade Finance