Ant Financial, which is considered the financial arm of Alibaba Group Holding Ltd (NYSE:BABA) and houses the Alipay payment services, has begun to offer its users a short-term loan of nearly $4,800 (RMB 30,000). Alipay is one of the leading Chinese online payment solutions, enabling a safe and secure way to give and receive payments for millions of people. The loan has been approved for Alibaba's flagship Tmall and Taobao sites.
Ant Financial, which is considered the financial arm of Alibaba Group Holding Ltd (NYSE:BABA) and houses the Alipay payment services, has begun to offer its users a short-term loan of nearly $4,800 (RMB 30,000). Alipay is one of the leading Chinese online payment solutions, enabling a safe and secure way to give and receive payments for millions of people. The loan has been approved for Alibaba's flagship Tmall and Taobao sites.
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