Shop number 1th to push supply chain finance next month

Another appliance business into the internet finance.

Shop 1th, which has joined the China Postal Savings Bank, plans to launch its supply chain financial products in late April to provide low-cost, unsecured mortgage financing solutions for suppliers and their assigned businesses as well as third party partners.

It is understood that 1th stores its financial business into four modules, respectively, for suppliers, settled merchants, third party partners and consumers. Products will cover the "small micro-credit", "Credit loan" and "financial Group" and many other types.

Store 1th's financial business and Jingdong, Suning and other similar places, are through the free platform of transaction data and supply chain management, to provide financing services for cooperative enterprises.

No. 1th Store also said that the future of the 1th store financial platform will be combined with the opening of the 1th store logistics platform, large data platform, business management system, customer management system and other advantages, continue to the merchant end and consumer extension.