Billionaire Ma’s Alibaba Gets Nod to Stir Up Loans

Billionaire Ma’s Alibaba Gets Nod to Stir Up Loans

Nelson Ching/Bloomberg

People walk through Alibaba.com Ltd.'s headquarters in Hangzhou. Since starting its microloans business three years ago, Alibaba has extended more than 100 billion yuan of financing to over 320,000 small online businesses and entrepreneurs, it said in an e-mailed statement.