On September 9th, Southern Finance and Economics reported that Alibaba International held the 2024 CoCreate Summit in the United States and announced a partnership with global payment giant Mastercard to launch the first B2B e-commerce platform co branded business credit card for the US market.
It is reported that the joint business credit card launched this time will provide cross-border purchasing enterprises with benefits including 3% cashback, 60 day payment term, purchase discounts, shipping discounts, delayed refunds, and credit protection. It may effectively increase the purchasing scale of overseas buyers, establish mutual trust among buyers, sellers, and platforms, and help Chinese merchants receive more foreign trade orders. (21st Century Business Herald)