“With this, we will offer to the members of Alibaba.com special propositions across our entire spectrum of business services ranging from accounts, letter of credit, bank guarantees, remittances, forex, loans and cash management solutions,” said its executive director Rajiv Sabharwal.
Alibaba.com’s channels director, india, Bhushan Patil said that with the centre, “Alibaba.com expects to offer access to various financing, credit and logistics services provided by ICICI Bank for our Indian customers”.
“We have also worked to sweeten this proposition by enabling Alibaba.com’s members in India to enjoy better rates and discounts on ICICI Bank’s products and services,” he said.
Serving millions of buyers and suppliers around the world, Alibaba.com aids small businesses to sell their products to companies in other countries. Sellers on Alibaba.com are typically manufacturers and distributors based in China and other manufacturing countries such as India, Pakistan, the US and Thailand