You may already know that a new bank is about to be launched specifically for small businesses in the UK. This, plus political support and attention for small business certainly seems to be creating a storm of interest as China has now waded in to the UK small business economy and created a credit line to enable access to Chinese manufacturing for smaller businesses.
According to the Telegraph, Alibaba, the Amazon of China has made a deal with UK loan company Wonga to help British Businesses access Chinese trade and make bulk purchases of Chinese manufactured goods with credit.
In an interview with the Telegraph, Wei Duan, Alibaba’s head of Marketing says ““Our vision is always about helping the smaller business.”
It seems that everyone is has confidence in small business this year.