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FINANCIAL SERVICES, RETAIL | Staff Reporter, Hong Kong

DBS, JD Logistics provides supply chain financing to local SMEs

JDL's e-commerce SMEs can now enjoy real-time data exchange and other services.

DBS has partnered with JD Logistics, the supply chain and logistics business arm of, to provide supply chain financing to Hong Kong-based small and medium enterprises (SMEs) for cross-border e-commerce import businesses.

Through this partnership, DBS will provide supply chain financing to JDL’s e-commerce SMEs that place their inventory in JDL’s bonded warehouses and sell the imported goods on JD Worldwide (JDW).

Using DBS’ Application Programming Interface, the bank will integrate its digital service into JDL’s blockchain platform to enable real time exchange of data and end-to-end digital experience.

JDL will, in turn, refer e-commerce merchants who require financing to DBS. The bank will approve these applications based on real-time supply chain transaction data—inventory and sales proceeds collected from the end consumer from JDL’s supply chain platform, amongst others. This reduces the physical documentation required.

DBS will also conduct remote account opening and customer identification and verification via video conference.

Merchants will be able to view their available balances and outstanding loans, as well as to initiate drawdown on a pool of eligible assets, with just ‘one click’ on the JDL supply chain platform.

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