Top Chinese firms join discounting platform to support their suppliers
Two influential companies are now working with a US-headquartered fintech company to provide a working capital solution to aid their supplier base, CT has learnt.
Hong Kong’s third largest supermarket chain operator, China Resources Vanguard, and one of China's largest petrochemicals companies have both just hooked up to C2FO's working capital platform which allows their suppliers to receive early payment on invoices for an agreed discount, CT has learnt.
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