Alibaba to finance Guangdong's small businesses

Alibaba will offer collateral-free credit loans to small business owners in Guangdong Province. It is building up its financing arm to tap its booming online business as more vendors move online to attract consumers.

There are as many as 10 million registered Alibaba members in the province and eligible vendors may get a maximum loan of 3 million yuan (US$483,871).

The size of the loan will be based on ratings given by customers to the vendor as well as the number of orders received.

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