Alibaba inks deal with Shanghai GM to finance car purchases

April 17, 2015 11:57 AM

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Alibaba inks deal with Shanghai GM to finance car purchases

BEIJING (Reuters) - Alibaba Group Holding Ltd deepened its push into the automotive business on Friday, saying it had struck a partnership with Shanghai General Motors (GM) to offer online sales and financing for GM cars.

Currently, Shanghai GM's Buick, Cadillac and Chevrolet brands are available for sale on Alibaba's TMall.com website, and the two companies said they would collaborate by using Alibaba's big data analysis to serve ads to prospective car buyers, offer loans and provide after-market services.

Also read: Alibaba Financial Affiliate Seals Bank Deals for Alipay Expansion in Europe

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