Alibaba, working with Bank of China, China Merchants Bank, China Construction Bank and other banks, is offering big data-based unsecured credit loans of up to 10 million yuan for small and medium enterprises (SMEs) using Alibaba Onetouch's basic export services. This is the first time ever that banks provide unsecured loans for SME based on Alibaba's big data and credit system.
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Big data delivers breakthrough for unsecured credit loan
Aug 29, 2014