The Duoduo Pifa wholesaling feature is similar to Alibaba’s 1688 platform, which is the country’s largest online platform for businesses to procure goods.
Shopline, said to be Asia’s largest e-commerce enabler, has so far helped more than 200,000 merchants, mostly in Hong Kong and Taiwan, start new online stores.
AwanTunai says it is able to originate low-interest financing to the underserved and unbanked merchants by leveraging merchant transaction data recorded on its app.
A judge summoned Ma after a former employee of Alibaba subsidiary UC News accused the company of spreading fake news and censoring news critical of China.
