Jingdong January 2014 Supplier Financing Reaches RMB 1 Bln
Sohu IT, 1/28/14
Beijing-based B2C e-commerce platform Jingdong has announced that the company's upstream supplier loans reached a one-month total of RMB 1 bln in January. Jingdong began providing financial services to its upstream suppliers in H2 2013 to improve efficiency throughout the company's supply chain.
Editor's Note: For more information on this topic, please see "Rumor: Jingdong Begins Supplier Financing," MD 7/31/13 and "Jingdong Self-Finances Quick Loans to Suppliers," MD 12/11/13 issues.
Keywords: e-commerce Internet B2C Jingdong financial services financing
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