Ready 150 billion, Ali B2B business group to help small and medium-sized enterprises to do trade

"If I can't stand it, I'll sell it!" That was the sigh of the head of a foreign trade company in Guangzhou in the early days of coVID-19.

As the economy gradually recovers, the small and medium-sized enterprises that have survived the epidemic think most about how to find "opportunity" after "danger".

Recently, scene Finance Division of Alibaba B2B Business group announced that at the critical moment of economic recovery in the "post-epidemic era", it will provide three financial benefits for smes: financing increase, ultra-low interest rate and free credit purchase.

Specifically, Ali Scene Financial Business Department will provide customers with a credit line of over 100 billion yuan and a free credit line of over 150 billion yuan, and customers can get up to 10 million yuan of financing.

In addition, customers will also receive "financial red envelopes" such as 50% discount, interest-free payment days for 68 days, and random reduction of the first payment. After using the "red envelopes", the financing cost will be as low as 1.25 per 10,000 yuan per day.

These financial services will be first launched in The September promotion of The Alibaba B series, focusing on customers participating in the Alibaba International Site's September Purchasing Festival and Alibaba's September 1688 Merchants Day. September is a golden month for retailers, and it's a key time in the run-up to Singles' Day, Black Friday and Christmas, when businesses are desperate for cash.

"Compared with previous years, this year has greatly urged us to broaden and deepen our financial services. "Expanding financial benefits to all B-line customers while dramatically increasing credit lines and credit lines." Ali scene financial Division general manager Tang Jiacai (flower name Wei Hu) said.

This is the first time that Ali B has introduced pratt & Whitney financial services in September. Tang jiacai said that after the end of the big promotion, the scene of financial services will not stop.

As early as this April, when Alibaba resumed the "Spring Thunder Plan" to empower smes, scene Finance Department, as the leader of Alibaba's new financial strategy, launched a series of financial rescue measures for buyers and sellers, providing "blood-making" support for B-series customers to survive the most difficult moment of the outbreak of the epidemic.

With the support of Ali Scene Financial Department, Ali 1688 launched the "Convenient Night Market" assistance plan in May this year, providing more than 70 billion yuan of interest-free credit for ground stall owners.

Tang Jiacai introduced that scene finance is mainly through the efficient coordination and scene innovation with business scenes, industrial belt factories, real economy, financial institutions, to provide customers with full cycle financial services of business link.

The feature of scenario finance is not only inclusive, but more importantly, it enables customers to enjoy the infrastructure services of new finance in a "plug and play" way with low cost, just like using utilities.

"The essence of scenario finance is de-financialization. The more customers are indifferent to finance, the more universal financial services will be." "The Tang family said.