Conducting proper due diligence research is a crucial step for companies before commencing business with a potential partner. Chinese internet giant Alibaba is trying to facilitate the process with the launch of an enterprise credit-rating website that will allow users to gauge potential partners’ creditworthiness with a few clicks.

Dubbed Cheng Xin (诚信, “integrity” or “trust” in English) the site looks at data gleaned from Alibaba’s SME credit system, which the e-commerce titan built with the national Development and Reform Commission last year.

The system consists of credit grade, credit profile, and electronics passport numbers,  while the credit score of each company is measured from five aspects: basic information, trading behaviors, financial behaviors, commercial relations, and legal representative. The rating scale falls into five categories from the highest to the lowest–AAA, AA, A, BBB, BB.

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Emma Lee

Emma Lee is Shanghai-based tech writer, covering startups and tech happenings in China and Asia in general. We are looking for stories related to tech and China. Reach her at lixin@technode.com.