BEIJING, Sept. 4, 2016 /PRNewswire/ -- September 4, 2016 in Hangzhou, China, at the G20 Summit, G20 economic leaders received a policy paper specifically citing the contributions of leading B2B focused cross-border e-commerce firm DHgate.com, to the success of small-and-medium enterprises (SMEs), as evidence of the profound impact that capacity building and internet financing mechanisms really have on SME success in the global marketplace.
DHgate.com was recognized for their internet finance branch DHfinet, which supplies e-commerce micro-loans to small-and-medium enterprises so they can scale up their businesses. The unique part of DHgate.com's service is that, after receiving customer authorization, DHgate.com supplies partner financial institutions with big data generated on DHgate.com, to that they can analyze it and determine risk, in order to administer micro loans to SMEs with no collateral or guarantor on the part of the SME.
To accomplish this process of providing micro loans based on big data, the SMEs applying for the loans must have already conducted business on the cross border e-commerce platform, which generates a tremendous amount of data. The data generated is not just limited to transaction history; buyer feedback, logistics data, and inventory data are all factored into risk assessment.
The APEC CBET program is a worldwide recognized cross-border e-commerce capacity building program for SMEs supported by DHgate.com, which was also included in the policy paper. CBET stands for Cross-Border E-commerce Training, and aims to convey industry knowledge and insights to global SMEs, to enable them to capture rising business opportunities, and to transform and upgrade their businesses to a whole new level. After 3 years of development, the CBET offline workshop has realized capacity building for thousands of SMEs from over 20 APEC economies, and also has an eLearning program under development.
DHgate.com is the first to market and the biggest transactional cross-border B2B e-commerce marketplace in China, aiming to provide global buyers with quality products at competitive prices. Founded in 2004, DHgate.com has approximately 12 million global buyers from 230 countries and regions, with 1.4 million global sellers offering 40 million products. DHgate.com's business enables buyers to directly access global manufacturers of the world's top brands with rich product selections. DHgate.com is an all-in-one platform with integrated services for international logistics, cross-border payments, internet financing, etc. DHgate.com's US, UK, Spain, and UAE product distribution warehouses allow for 24 hour delivery and convenient product returns & refunds, bringing great convenience to buyers at http://www.dhgate.com.
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