Caixin OnlineBusiness & IndustryTop Stories Industry 360Buy Follows Rivals into Internet Finance Business
12.12.2012 17:51

360Buy Follows Rivals into Internet Finance Business

E-commerce giant partners with banks so it can offer its suppliers a range of loans
By staff reporter Wang Shanshan
 
a

(Beijing) -- Chinese e-commerce giant 360Buy is moving to explore web-based financing business, a new potential growth area for Internet companies.

Alibaba Group and Suning Appliance Co. have already forged into the field.  

360Buy launched a financial service platform on November 27 to help suppliers get loans from partnered banks. 360Buy says it has signed a strategic partnership agreement with the Beijing branch of the Bank of China, which will provide financial support to the new platform.

We hope you have enjoyed your free articles for the month
REGISTER to get 5 more free articles, or SUBSCRIBE to get full access to Caixin
Already a subscriber? Log in now
COMMENTS (0)
Sign up to receive our free daily newsletter

LATEST VIDEOS

Latest Issue
On the Cover:

Transparency Time

After securing clients in 170 countries, the telecom gear-maker Huawei is stepping out of the shadows


Issue 87
March, 2015

POPULAR GALLERIES

SUBSCRIPTIONS

Caixin-China
Economics & Finance
Latest Issue:
Transparency Time
After securing clients in 170 countries, the telecom gear-maker Huawei is stepping out of the shadows
Issue 87
03.01.2015

Subscribe       |       Newsletter        |        FAQ