Alibaba's Asset Securitization Product Approved

(Beijing) – A new asset-backed securitization plan jointly developed by Alibaba's financial arm and brokerage firm Orient Securities Asset Management Co. has won approval from the securities regulator and is expected to be offered to investors soon.

A source close to the matter said on July 4 that the plan, which is operated by Orient Securities, will allow people to invest in loans that Alibaba has provided to small businesses on the Internet giant's online platform.