Recently, MOLBASE and Weipiaobao signed a strategic cooperation agreement. The two parties have launched in-depth cooperation in the fields of commercial bills and supply chain finance, seizing the golden development period of the chemical industry, further enhancing their respective asset scales and creating greater synergy.

Bills are one of the most important tools in supply chain finance to solve the financing needs of SMEs. In the first half of the year, the total bill market business volume was RMB 77.81 trillion, a Y-O-Y increase of 17.26%.

MOLBASE and Weipiaobao recently reached an in-depth cooperation to further expand the scope and depth of cooperation based on bill payment, circulation, monetization, bill financing, and online and offline activities, and jointly promote the in-depth development of bill financing business.

This cooperation relies on the industry data accumulated by MOLBASE, a leading domestic chemical integrated e-commerce service platform for many years, and is equipped with Wepiaobao's comprehensive commercial draft service system to optimize the entire process management path of commercial draft financing and circulation, and improve chemical companies Efficiency of bill circulation.

Source From MOLBASE