Alibaba launches trade facilitation services for SMEs
Chinese e-commerce giant Alibaba has launched a programme called Trade Facilitation Centre (TFC) to help Small and Medium Enterprises (SMEs) with finance, logistics and credit services. Alibaba has entered into agreements with Kotak Mahindra Bank, IDFC Bank, Delhivery, DHL and Aditya Birla Finance to expand the service in India. The company has been operating in India since 2007.