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Company applying for the establishment of a microfinance company

Apart from the store, Baidu will be set up in Shanghai this year entity microfinance companies, their clients preferred Baidu to promote existing customers, with a focus on support for small and micro businesses. Baidu small loan company with registered capital of 200 million, did not rule out subsequent capital increase. At present, Baidu has secured loans business licence.
it is understood that, in addition to the store, other than Baidu, Alibaba, suning has in the financial field layout, launched a microfinance products. Internet business finance, traders said bullish, saying the move conform to the era of the Internet technology development. In addition, microfinance companies to eliminate Bank approval links, reduced loan threshold to a certain extent, to SMEs, is a good news. BACK

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