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Credit Archives Launched On Alibaba
September 13, 2007 |
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In order to avoid risks resulting from dubious online transactions, businesses in Chongqing have set up a Credit Archive on Alibaba's e-commerce platform.
According to a representative from Alibaba quoted in local media, the Credit Archive shows the credit records of foreign trade enterprises. By combing the traditional credit certifications and the interaction on the Internet, it dynamically shows the credit situation of each enterprise, making the information more accessible to clients and exposing potentially hazardous companies at the same time.
In addition, Alibaba has launched an online beta software, Alibaba Software Foreign Trade, to facilitate businesses' online work.
By the end of last year, Alibaba's China website reportedly had 16 million registered users and more than 3 million users from more than 200 countries and regions for its international website.
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