
Ant Group Reshuffles Huabei Consumer Loan Business
Ant Group's Huabei announced on Wednesday that Huabei will become an exclusive consumer-lending brand under the name Chongqing Ant Consumer Finance.
11/24/20211 min read
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Ant Group's Huabei announced on Wednesday that Huabei will become an exclusive consumer-lending brand under the name Chongqing Ant Consumer Finance.
Recently, some Chinese netizens have found that "Jiebei" within the Alipay app is now "Credit Loan," showing that the services are now explicitly provided by banks.
Recently, a number of users of Huabei, a consumer credit product of Alipay, reported that they have received an upgrade prompt which requires users to agree to allow the company to access their financial credit information.
Sesame Enterprise Credit, a subsidiary of Ant Group, launched the first credit platform for small and medium-sized enterprises in China on Thursday.