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(Yicai Global) Oct. 18 -- Beijing Jingdong Finance Technology Holding Co., an internet investment and financing platform operated by Chinese e-commerce giant JD.Com Inc. [NASDAQ:JD], has officially set up its second small business loan company in Chongqing municipality's Banan District, online financial news outlet China Securities reported yesterday.
The company focuses providing high-quality credit loans and credit payments to small, medium and micro-sized enterprises. This differs from its first loan firm, which deals with agricultural companies.
JD Finance has already lent out CNY250 billion (USD37.8 billion) to 100,000 small and micro-sized enterprises.
"We will be dedicated to data analysis and Big Data work related to risk management through technologies," said Wang Lin, vice president of JD Finance and general manager of its Business Finance Division. "We to help more enterprises solve their financial problems."