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HSBC teams up with Alibaba’s Cainiao logistics unit to offer quick loans to Tmall merchants in Hong Kong

HSBC teams up with Alibaba’s Cainiao logistics unit to offer quick loans to Tmall merchants in Hong Kong

Seven-day approvals for trade financing loans of up to US$500,000 offered as part of partnership. Merchants must agree to let Cainiao pass on comprehensive information to HSBC for credit assessment
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