17 January 2019

Jingdong offers buy-now-pay-later service, paper says

Jingdong Corp., operator of e-commerce major and listing candidate, is seeking to aggressively expand its internet consumer finance business by offering customers buy-now-pay-later service, National Business Daily reported Thursday, citing a company statement the previous day. The service, named Jingdong Baitiao, gives each qualified customer a shopping credit line up to 15,000 yuan (US$2,473). The company will take applications on Thursday and Friday this week and will try out the service for 500,000 qualified people in the first batch, the report said.

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