From the Chinese Press

A welcome micro-loan service

Alipay's micro-loan service has registered an average daily increase of 140,000 customers since June 13 and its daily accumulated fund has touched 400 million yuan ($65 million). Alipay has not only boosted its e-commerce platform, but also attracted ordinary people because of its advantages such as low costs, safe investment means and relatively high profits, says an article in Beijing News. Excerpts:

The average loan a person can get from Alipay is 2,000 yuan. In the past, no one would have bothered to even pay attention to such a loan service because the accrued interest would have been more than the profit made from the loan.