When it comes to China’s internet giants, there’s barely a player that hasn’t entered the world of online financing. Following in the footsteps of Alibaba, many of these companies are looking to finance as a means of subsidizing heavy cash burn rates in their core businesses.

Ant Financial, which oversees Alipay, the country’s largest mobile payment service, is the financial affiliate of internet powerhouse Alibaba. Following their rebranding in 2014, Ant Financial has expanded to become a full-fledged financial services company, with a range of services and high-level cross-border finance related investments.

JD.com, a leading online Chinese retailer, began providing short-term credit to its suppliers in 2012 and later to third-party sellers on its online retail platform. JD Finance, established in 2013, now provides products and services in supply chain finance, consumer credit, wealth management, crowdfunding, digital payment, and insurance as of late 2015, according to the company.

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Tracey Xiang

Tracey Xiang is Beijing, China-based tech writer. Reach her at traceyxiang@gmail.com