Amazon to offer loans to sellers in China, 7 other countries

Amazon.com Inc will launch its business loan program for small sellers later this year in eight more countries including China, where credit is becoming a key factor in competing for new vendors and grabbing market share. Until now, the e-retailer has offered the service only in the United States and Japan. Amazon Lending, founded in 2012, now plans to offer short-term working capital loans in other countries where it operates a third-party, seller-run marketplace business, the head of Amazon Marketplace, Peter Faricy, told Reuters.

Amazon to offer loans to sellers in China, 7 other countries source: http://finance.yahoo.com/news/exclusive-amazon-offer-loans-sellers-050608658.html