Alibaba Group Launches Enterprise Credit Rating Search Platform
Tech.huanqiu.com, 2/15/17
Chinese e-commerce conglomerate Alibaba Group (NYSE: BABA) has launched an enterprise credit rating and business information search platform Cheng Xin. Users who register on the platform can look up the credit rating and related information of a business by entering its name or that of its legal representative.
Cheng Xin provides free search services covering 86 mln Chinese companies and 24 mln American companies, and there are plans to gradually expand to other countries.
Available information includes credit rating, basic information, records of changes to commercial registration, names of management, stockholders, whether it is subject to legal enforcement, failures to comply with legal rulings, and outbound investments.
Cheng Xin is primarily based on Alibaba Group's enterprise credit rating system, which is composed of credit evaluation, records, corporate identity verification, risk assessment, and electronic trust certificates to create a rating of AAA, AA, A, BBB, or BB.
Alibaba's enterprise credit rating system updates every month with transaction activity, financial activity, relationships with up and downstream trading partners, and investment information. The rating system is designed to help financial institutions make decisions about the trustworthiness of a company.
Editor's Note: For more background on this topic, please see "NDRC, Alibaba to Collaborate on Building Enterprise Credit System" MD 12/05/16 issue.
Keywords: corporate user credit rating Internet Alibaba Group BABA online search
Sending
