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China Unicom to Adopt Ant Financial's Credit Rating Service

Techweb.com, 5/08/17

Telecom operator China Unicom (NYSE: CHU; 0762.HK; 600050.SH) recently announced that it will add a credit rating mechanism in partnership with consumer credit rating service operator Sesame Credit Management, a subsidiary of Alibaba Group's (NYSE: BABA) financial services affiliate Ant Financial. China Unicom users with a credit score of 650 or better will no longer need to pre-pay for calling time under certain service packages.

In addition, China Unicom account billing records will be added into users' credit profiles. Users that pay their phone bills on time will see their credit scores improve, while late payments will be recorded as negative factors on credit records.

Keywords: China Unicom credit rating wireless 0762.HK 600050.SH CHU Alibaba Group financial services consumer credit BABA Sesame Credit Ant Financial Group

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