JD Logistics is the supply chain and logistics arm of Chinese ecommerce company JD.com. This is Singapore-based DBS's first digital solution for ecommerce merchants on a logistics platform, the bank said.
Through this partnership, DBS will provide supply chain financing to JDL's e-commerce SMEs that place their inventory in JDL's bonded warehouses and sell the imported goods on JD Worldwide. This can help improve the merchants' cash flow needs to meet demand from Chinese consumers.
In addition, the bank will integrate its digital service into JDL's blockchain platform to enable the real-time exchange of data. JDL will be able to refer ecommerce merchants that require financing to DBS. The bank will then approve these applications based on real-time supply chain transaction data, such as inventory and sales proceeds collected from the end consumer.
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