360Buy to Partner with Banks on Merchant Financing

Tencent Tech, 11/22/12

According to industry sources, Beijing-based B2C e-commerce platform 360Buy will form a strategic partnership with the Bank of China covering a range of traditional and innovative funding, payment, financing, and investment services. The company will reportedly also partner with several other banks, including China Construction Bank, in hopes of encouraging more banks to provide financial support for the development of its newly announced supply chain financing platform to support 360Buy merchants.

Editor's Note: For more background on this topic, please see "360Buy to Provide Supply Chain Financing Services" MD 11/20/12 issue.

Keywords: Bank of China China Construction Bank e-commerce financing Internet B2C 360buy

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