Alibaba arm sets up consumer credit scoring service

Hong Kong

Alibaba Group Holding's financial affiliate started a credit-scoring service that analyses customer behaviour to help them borrow money in China.

Sesame Credit Management will provide a scoring service for consumers and small-business owners, Zhejiang Ant Small & Micro Financial Services Group Co said in an e-mail on Wednesday. The system will focus on those with little history at traditional credit agencies, it said.