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Consumer finance firms garner stake in Double 11 sales

Consumer finance firms, including third-party online payment companies and 18 national commercial banks, now have access to Taobao.com and Tmall.com, where the Double 11 online shopping festival will be held, Yicai.com reported. Last year’s use of Alipay, Alibaba’s own digital payment method, peaked at 120,000 transactions per second during Double 11. This year, that figure […]