China's Ant Group launches cross-border trade platform to support SMEs

Cointelegraph

Published Sep 25, 2020 08:52AM ET

Updated Sep 26, 2020 11:20AM ET

Ant Group, the parent company of Chinese payments giant Alipay, unveiled its new Antchain-based global trade platform for small to medium-sized enterprises, or SMEs on Sep. 25.

Going by the moniker of Trusple, the platform is based around a concept of “Trust Made Simple”, and aims to streamline the process of cross-border trading. According to Guofei Jiang, President of Ant Group’s Advanced Technology Business Group: “Trusple was designed to solve problems for SMEs and financial institutions involved in cross-border trading.”

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