Cianiao is the logistics arm of Alibaba.
The finance will be available to 1,800 merchants on Alibaba’s Tmall.
They will be charges 1% until 30 June.
This is a first for HSBC, as it will use data from third party Cainiao – such as inventory information – to approve trade financing.
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This decision aligns with the bank’s focus on digital transformation and improving online transaction processes for merchants.
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