Although only August, Taobao Tmall merchants have quietly entered 2018 double-11 preparation phase. Recently, Jin Xiaolong, vice president of the Internet Merchants Bank, revealed that as
Two months ago, the Internet merchant bank announced
In 2017, the bank provided 147 billion loans to 1.85 million businesses in Taobao Tianmao and upstream and downstream industrial chains. And unlike the previous year's online banking services alone, this year there will be a large number of financial institutions to participate in the double 11 businesses to provide more than 200 billion capital support.
Introduction by Jin Xiaolong, vice president of the Internet Merchants Bank,
Jin Xiaolong said that more than 11 percent of businesses could get a loan increase this year, with Taobao up 26 percent and Tianmao up 44 percent.