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Alibaba's new partner to lend to US buyers of Chinese goods

Published Tue, Feb 3, 2015 · 09:50 PM
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San Francisco

ALIBABA Group Holding Ltd is teaming with LendingClub Corp to offer financing to US businesses to buy from Chinese suppliers, hoping to make it easier for American firms to tap the world's largest economy.

LendingClub, an eight-year-old San Francisco startup, said that it will provide its core service of matching small business borrowers with lenders on Alibaba.com, the Chinese company's global wholesale platform.

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Jack Ma

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