You are here

Alibaba gains new admirers with its Singles' Day asset-backed securities

Tuesday, November 29, 2016 - 05:50

BT_20161129_ALIBABA29_2619641.jpg
Ant Check Later portal allows consumers to pay for purchases made on e-commerce platforms under the Alibaba Group one month after orders are delivered. Consumers can also choose to pay in instalments.

Hong Kong

ALIBABA Group Holding has now been ramping up its Singles' Day online shopping frenzy for eight years, but, this time, it has added a new ingredient to the celebrity-studded extravaganza: securitisation.

Last week, a unit of Alibaba-backed Ant Financial sold four billion

sentifi.com

Market voices on:

Nespresso
Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at btsub.sg/btdeal

Powered by GET.comGetCom