Aliloan fills financing gap for online vendors
By Chen Limin | China Daily | Updated: 2012-07-17 07:47
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The headquarters of Alibaba Group Holding Ltd in Hangzhou, Zhejiang province. More than 130,000 small and micro-sized enterprises have borrowed a total of 28.2 billion yuan ($4.42 billion) from the company's micro-lending arm since April 2010. Gao Yuwen / For China Daily |
Lender caters to small enterprises as banks prioritize large businesses
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