Ant Blockchain Supply Chain Finance Platform Lands in Xuzhou Economic Development Zone

According to Tencent.com, Ant Financial's blockchain + supply chain financial platform has landed in Xuzhou Economic Development Zone. The platform is built by Ant Financial and operated by several companies in Xuzhou Lingmao. After the platform is launched, it is expected to be nearly 100,000 small and medium-sized enterprises in Xuzhou For online contactless loan services, Ant Financial's online merchant bank will jointly grant credit to local banks and financial institutions. With the support of big data from local enterprises, the platform is expected to leverage 10 billion yuan in annual loans.