These enterprises can accumulate credit information through transactions on Alibaba's platforms to achieve unsecured fast loans. At the same time, Alipay also obtained the first "Payment Service License" in May 2011, and the number of users is huge. In September 2012, Alibaba, Tencent and Ping An Group established ZhongAn Online Property Insurance Company. This layout is the beginning of Alibaba's financial framework in third-party payment, credit, and insurance.
3: In October 2014, Ant Financial was established, and in June the following year, MYbank was officially established. Not satisfied with simple credit loans, Ant Financial started its attempt at supply chain finance and achieved great success. Based on Alibaba's industrial ecological business and system, Ant Financial's financial services cover payment, funds, services, crowdfunding, industrial sms marketing service finance, wealth management, insurance, banking and credit reporting, thus forming a complete supply chain financial ecosystem. 2. What is supply chain finance? Supply Chain Finance (SCF) refers to taking the core enterprises in the supply chain as a whole, relying on the core enterprises, taking real trade as the premise, using self-paying trade financing, and through accounts receivable.
A comprehensive financial product and service provided to upstream and downstream enterprises in the supply chain by means of pledge, pledge of cargo rights and other means to close capital flow or control property rights. In the new retail supply chain model, more data and information of all parties involved in the supply chain are retained in the link, and the new retail supply chain finance is designed for upstream suppliers, upstream brands, dealers,