17:49 GMT +316 December 2019
Listen Live
    A file photo of the  headquarters of Chinese e-commerce giant Alibaba Group in Hangzhou city, east Chinas Zhejiang province

    China's Alibaba Discusses Possibility of Lending to Russian Small Businesses

    © East News / Imaginechina
    Get short URL
    0 74

    The financial division of China's e-commerce giant Alibaba, Ant Financial Services Group, is in talks with the Russian banks on the possibility of lending to Russian small businesses, the company's head of foreign business Jia Han said.

    BEIJING (Sputnik) — At present, Ant Financial provides services for crediting small business in China, amounting to an average of $5,000.

    "We are currently considering such a possibility for Russia as well. We are constantly in contact with the Russian partner-banks, and this issue is also being discussed," Jia told RIA Novosti.

    Ant Financial has already issued loans to 2 million small and medium-sized businesses in China. The company implements two programs, namely lending to small and medium-sized businesses, and financial support to farmers.


    Russian Analogue for Alibaba Possible – Alibaba Founder
    Alibaba May Create Platform for Russian Companies to Enter Market
    China’s Alibaba Group Registers Office in Russia
    Chinese Alibaba Boosting Investment in US Market
    Alibaba Poised to Buy Into Financial Media Outlet
    Sinopec and Alibaba Partner to Create Online, Offline Convenience Stores
    Alibaba’s Ant Financial to Seek Listing in China
    E-Commerce Giant Alibaba Buys Stake in Meizu for $590 million
    Alibaba Staff Denied Traditional New Year Gift by Chairman
    China’s Alibaba Group Testing 60-Minute Drone Deliveries of Goods
    business, Alibaba Group, Russia
    Community standardsDiscussion
    Comment via FacebookComment via Sputnik