Alibaba E-Commerce Unit Now Offering Shoppers Loans

By | January 2, 2015

Scalper1 News

Alibaba Holdings’ (BABA) e-commerce affiliate Ant Financial Services Group reportedly announced this week that shoppers on Alibaba’s Tmall and Taobao e-commerce sites can now take out month-to-month loans of up to $4,800 using a new payment option called Huabei, or Just Spend. The service is in beta testing, though, and Alibaba has not announced a formal release date, according to a report by 2Tech Asia. The Just Spend service reportedly lets Scalper1 News

Scalper1 News