Tianjin Home To IBM’s New Financing Deal In China

News Source: ChinaTechNews.com

IBM's lending unit has signed a financing deal with Advanced Micro Devices and its distributor network to begin the flow of cash and credit in Tianjin Binhai New Area.

The Tianjin government last year provided IBM Global Financing, the lending and leasing business segment of IBM, an exclusive license to provide accounts-receivable lending in the Tianjin Binhai New Area, a key economic development zone in China.

Credit is a key concern for businesses all over the world trying to keep their balance sheets healthy. As goods and services pass through their vendor supply network, companies must sometimes wait from 90 to 120 days to get paid. With this new factoring license, IBM recently established a new operating entity called IBM Factoring (China) Company Limited. This new IBM entity will help businesses operating in the country smooth out the t...

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