It is the predecessor of the small microfinance service that was raised in March 2013. At present, Ant Jubilee relies on the Internet and has made remarkable achievements in big data and cloud computing.
Ant Jubao can now be said to have created a financial industry chain, providing payment and settlement business through Alipay, loan business through through Ali Microfinance, and financing through asset securitization, in addition to guarantees, insurance, funds and so on.
With the approval of Zhejiang Netcommerce Bank, it can make it more convenient to engage in lending, payment and settlement business, and the main breakthrough lies in the ability to leverage and increase the scale through deposits and interbank liabilities.
Ant Financial Services Group began in 2004 with the establishment of Alipay. in March 2013, Alipay's parent company announced that it would be the main body of the preparation for the establishment of small and micro financial services group (hereinafter referred to as "small and micro financial services"), small and micro financial (chips) to become the predecessor of the ant financial services.
On October 2014, Ant Financial Services was officially established. With the vision of "making credit equal to wealth", Ant Financial Services is committed to building an open ecosystem.
Through the "Internet Enabler Program", Ant Financial Services helps financial institutions and partners accelerate their progress towards "Internet+" and provide inclusive financial services to small and micro enterprises and individual consumers. Relying on mobile Internet, big data, cloud computing as the basis for China to practice the important practice of financial inclusion.