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1 month ago | 
caixinglobal.com | Zhang Yuzhe |Zhu Liangtao
Explore the story in 3 minutes[para. 1][para. 2] Tech giants like Ant Group, JD.com, and Tencent Holdings, along with automakers such as BYD Co. Ltd., have entered the crucial yet low-profile realm of supply chain finance (SCF) in China. This sector, vital for maintaining business cash flow and reducing financing costs, was traditionally dominated by banks.
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1 month ago | 
caixinglobal.com | Zhang Yuzhe |Zhu Liangtao
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Tech behemoths Ant Group Co. Ltd., JD.com Inc. and Tencent Holdings Ltd., as well as automakers like BYD Co. Ltd. (002594.SZ), have muscled in on the low-profile but critical world of supply chain finance (SCF), the system of company IOUs that keeps the wheels of business turning.
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1 month ago | 
caixinglobal.com | Zhu Liangtao |Caixin Weekly |Zhang Yuzhe
近期，头部汽车企业的供应链应付账款引发外界关注。以新能源车企龙头比亚迪（002594.SZ）为例，财报显示的应付账款规模从2019年底的225.2亿元，快速攀升至2024年三季度末的2375.19亿元，涨幅近10倍，同期的营业收入涨幅则为近3倍。
Recently, the accounts payable of supply chains for leading automobile companies have attracted outside attention.
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2 months ago | 
caixinglobal.com | Ding Feng |Liu Ran |Zhang Yuzhe |Han Wei
Explore the story in 3 minutesWu Qing, a small garment factory owner in Shandong province, faced a financial crisis as his business deteriorated post-pandemic. He incurred 300,000 yuan in loans for business expansion in 2019, then borrowed another 500,000 yuan through consumer loans and credit cards to sustain his business amidst economic woes.
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2 months ago | 
caixinglobal.com | Ding Feng |Liu Ran |Zhang Yuzhe |Han Wei
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Wu Qing found himself in an overwhelming predicament as his loan repayments piled up.
The owner of a small garment factory in Shandong province, he had borrowed 300,000 yuan ($41,000) in personal business loans in late 2019 to expand production as his business took off. When the pandemic struck, however, his operations faltered.
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Jan 22, 2025 | 
caixinglobal.com | Zhang Yuzhe |Qing Na
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UnionPay International Co. Ltd. has joined forces with the Indonesia Payment System Association (ASPI) to make their separate QR code payment systems work together, marking its latest effort to remove obstacles that hamper cross-border digital payments between China and Southeast Asia.
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Jan 14, 2025 | 
caixinglobal.com | Zhang Yuzhe |Ding Feng |Qing Na
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Jan 14, 2025 | 
caixinglobal.com | Zhang Yuzhe |Ding Feng |Qing Na
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The explosion in China’s cross-border e-commerce fueled by online platforms such as Temu, Shein and Amazon, as well as flourishing international tourism, has led to a boom in business for companies that process and settle international payments.
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Nov 22, 2024 | 
caixinglobal.com | Liu Ran |Zhang Yuzhe |Qing Na
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Speculation about Ant Group Co. Ltd.’s potential IPO revival has intensified as the shortest waiting period, triggered by earlier governance changes that eliminated the Chinese fintech giant’s actual controller, is nearing its end.
The company has yet to comment, but the market has already reacted, with companies linked to Ant Group seeing their share prices surge in recent days.
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Oct 16, 2024 | 
caixinglobal.com | Zhang Yuzhe |Denise Jia |Yukun Zhang
00:00/00:00 您的浏览器不支持 audio 标签。 Listen to this article 1x China’s UnionPay International Co. Ltd. and National Payment Corp. of Vietnam (NAPAS) have signed a memorandum of understanding (MOU) to deepen collaboration on cross-border payments, aiming to allow digital wallet holders from one country to pay through QR codes in the other.
