Comment on Online Retailer JD.com to Launch Consumer Credit Line by China Consumer Giant Alibaba Unveils Credit Service 'Just Spend' - TechNode

['Tracey Xiang', 'More Tracey Xiang', '.Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow', 'Class', 'Wp-Block-Co-Authors-Plus', 'Display Inline', '.Wp-Block-Co-Authors-Plus-Avatar', 'Where Img', 'Height Auto Max-Width', 'Vertical-Align Bottom .Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow .Wp-Block-Co-Authors-Plus-Avatar'] Comments for TechNode 2014-02-13 00:00:00

Chinese online retailer JD.com will roll out consumer credit line tomorrow (Feb.13th), just in time for Feb 14th, the Valentine’s Day and Chinese Lantern Festival 2014. JD users will be granted up to 15,000 yuan (roughly USD2500) credit. JD isn’t alone working on consumer credit lines. But Sina’s only allows small amounts that can only be enough for purchasing virtual items in games or other services on Sina platform. Alibaba, the largest e-commerce marketplace operator in China, said long ago they’d offer consumer-facing credit lines but hasn’t yet.