Abstract

China's supply chain finance (SCF) is a huge market, and many Internet Finance Companies (IFCs) are willing to provide financing for small and medium-sized enterprises (SMEs) to improve business relationships and economic benefits. However, many risks are associated with financing. Innovations are introduced in China's supply chain financing to reduce the risks. Many companies used Big data, Blockchain, Internet of Things (IoT), and other new technologies to facilitate innovation, tap resources, and improve production. This study takes Jingdong's (JD's) new financing process to understand innovation financing in China. Through analysis of JingBaoBei, JingXiaoDai, and YunCangJingRong financing processes, we discuss the JD's new supply chain financing based on funding sources, mode of operation, financing quota, audit time, funding speed, and annual interest rate.

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