NANJING, China, Feb. 21, 2020 /PRNewswire/ — On February 14th, Suning Finance entered the ranks of the best home credit standing for the primary time. Its long-term credit standing was decided as AAA, and its ranking outlook was “steady”. Presently, solely 52 non-public enterprises nationwide have acquired AAA rankings. It signifies that Suning Finance has obtained the identical credit standing as massive state-owned business banks and nationwide joint-stock business banks.
Relating to the above resolution, United Credit score believes that Suning Finance has a robust shareholder background and capital power. After years of improvement, it has now established a diversified monetary most important enterprise construction, counting on the useful resource benefits of the Suning ecosystem and the omni-channel format of O2O integration. The monetary enterprise scale and revenue continued to develop quickly.
As a pioneer of online-to-offline (O2O) finance in China, Suning Finance is positioned as a fintech firm that includes O2O integration and improvement. It has all the time adhered to and practiced the event mannequin of “state of affairs finance + fintech = inclusive finance”, specializing in provide chain finance, business finance, client finance, funds, wealth administration, and fintech export “5 + 1” core companies.
In 2019, Suning Finance efficiently accomplished the C spherical of tens of billions of financing, the post-investment valuation reached 56 billion, the transaction quantity exceeded the trillion marks for 3 consecutive years, and the variety of energetic prospects exceeded 70 million. Suning Pay each day offline scan code breakthrough 100,000 transactions, the availability chain monetary funding exceeded 100 billion. And has efficiently obtained 2 worldwide syndicated loans, and successively issued 6 phases of provide chain finance ABS and 1 section of client finance ABS, which totally demonstrates that Suning Finance’s enterprise capabilities, asset high quality, and market fame have been extremely acknowledged by home and international monetary establishments.
Based mostly on the foundation ‘modern monetary expertise leads the event’, Suning Finance retains enhancing its technological capabilities, particularly the block chain techs to use in lots of situations, comparable to knowledge sharing, fee, mortgage and BaaS. Sooner or later, Suning Finance will proceed to offer premium monetary companies and function beneath the idea of integrity, steady and discretion to change into a dependable and broadly influential complete monetary service firm.
SOURCE Suning Holdings Group