Chinese giant Alibaba e-commerce is going to start work on the Russian microfinance market. At the moment, financial division of Alibaba Group – company Ant Financial Services Group provides loans for small businesses in China. The average amount of loan is about $5,000. Ant Financial, online payment services provider ensures lending to almost 2 million small and medium-sized Chinese enterprises. In addition, the division is engaged in the financial support of farmers.



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