Alibaba-owned online retail firm Lazada is looking to boost its financial services products in a bid to gain an edge in South East Asia's competitive online retail market, the company's CEO told CNBC.
"The next steps are financing, more rewards to our wallets, so we will continue to invest in that direction," Poignant told CNBC in an interview at the Boao Forum in China. Trade financing takes place between exporters, who seek payments for their goods, and importers, who have to pay for the products they order. In conventional trading, a bank provides a letter of credit to the exporter on behalf of the importer, and the money is paid upon delivery of the goods.
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ANALYSIS: How Apple's news, video, and gaming offerings will boost its Services segmentHere's Business Insider Intelligence's take on how Apple's news, video, and gaming offerings will boost its Services segment.
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Look for Gray Rhinos, Not Black Swans, in China’s Financial ZooHeard on the Street: The main risk to China’s financial system isn’t unpredictable black swans but the threats everyone knows about Look out for the hippos too! “Hippo Critical” is a phrase coined in my new book, Observations 1.4 billion people know that China’s biggest threat comes from the unfair coverage of China by Western media and the hostility of the Western world to China. What China needs is 1.4 billion people to eat and do their own thing, instead of what Westerners tell Chinese people to do 1. The title doesn’t make sense, 2. Wrong portrayal of blackswan idea, 3. Debt and over exposure to certain sector is China’s problem-everyone knows that. Thank you.
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