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HSBC has announced leveraging big data to offer quick trade financing approvals to Hong Kong merchants on Alibaba's ecommerce platform Tmall.
Tmall, HSBC, Cainiao, China, Hong Kong, Alibaba, trade finance, B2B payments, ecommerce platform, Covid-19 financial aid, logistics platform, Asia, APAC
Alibaba has announced it would invest an additional CNH 23.3 billion (about USD 3.33 billion) to raise its equity in Cainiao to 63% (from 51%).
Alibaba, logistics, Cainiao, invest, equity, financial round, shareholders, ecommerce