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Author Topic: Alibaba

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WES

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Alibaba
OP: February 03, 2015, 12:00:00 AM
http://seekingalpha.com/news/2266206-alibaba-lending-club-form-financing-partnership

Lending Club is teaming up with Alibaba to offer short-term loans to US businesses buying Chinese products: up to $300K, typically for a few months, at rates of 0.5%-2.4%.
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B
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Alibaba
#1: February 03, 2015, 12:00:00 AM
I assume these loans will only be marketed to institutional investors? 


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R
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Alibaba
#2: February 03, 2015, 12:00:00 AM
Max 2.4%? Excited
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t
  • Posts: 82
Alibaba
#3: February 03, 2015, 12:00:00 AM
So, I could use this in my buy cheap crap from China, park it in an Amazon warehouse and sell it at a markup plan?  If I pick crap that moves quick I could totally leverage myself a new business!
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T
  • Posts: 6588
Alibaba
#4: February 03, 2015, 12:00:00 AM
Well said. In case what I said above was passed as facetious - I did mean it as a great opportunity for these eCommerce websites , many are run by kids from garage (think "promotional products").

That being said, this is an advertising ploy / hype. Prosper advertises I can get 6.99% loan - really? with excellent credit I was offered a 15% APR. No thank you.
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r
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#5: February 03, 2015, 12:00:00 AM
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#6: February 03, 2015, 12:00:00 AM
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T
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Alibaba
#7: February 03, 2015, 12:00:00 AM
@ rawraw: For real? That's awesome. Time to leverage and do hard money lending - hear patchofland returns are 12%+

@Anil: Hilarious! come up with a business venture and I'm in :)
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F
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Alibaba
#8: February 04, 2015, 12:00:00 AM
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#9: February 04, 2015, 12:00:00 AM
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#10: February 04, 2015, 12:00:00 AM
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