Research On Supply Chain Financing Of E-Commerce Platform

With the continuous evolution of economic globalization and market transaction mode,the traditional financing mode provided by banks and other financial institutions has been difficult to meet the capital needs of SMEs,and supply chain financing has emerged at the same time.At the same time as the financing model is updated,China’s e-commerce has grown steadily.E-commerce enterprises have laid out supply chain financing business by virtue of their data and technical advantages,and the online supply chain financing has become a new trend.A clear legislative direction has emerged in response to the epidemic,supporting the use of supply chain financing to assist SMEs in getting back to work and producing goods.The supply chain financing division of e-commerce platform has also effectively promoted the rescue of SMEs.In order to reduce information asymmetry,control financing risks,lower financing costs,and improve financing efficiency,it collects a lot of data on the platform and can use big data,blockchain,cloud computing,and other information technologies to analyze and build models.This results in a win-win situation for both the e-commerce platform and the chain’s SMEs.Therefore,this results in a win-win situation for both the e-commerce platform and the chain’s SMEs.This article chooses JD Group,a mature supply chain finance firm in China’s e-commerce enterprises to analyze the supply chain financing of e-commerce platforms.This article largely uses literature review,case study,and comparison analysis.A foundational theoretical framework for this study is offered in the part of literature review that reviews both domestic as well as international literature on supply chain financing and supply chain financing for e-commerce platforms.The fundamental circumstances of JD Group are discussed one by one in the part on case study,together with the drivers and frameworks for supply chain financing.Additionally,it examines the success of the supply chain financing division of JD Group from the perspectives of financial indicators,peer comparison,and impact on SMEs.In the comparative analysis section,on the one hand,using JD Group as an example,it explores and contrasts the parallels and distinctions between supply chain financing on e-commerce platforms and traditional financing methods;on the other hand,select enterprises in e-commerce enterprises that have also arranged supply chain financing business,and comparative analyasis of the financial indicators of peer enterprises,to objectively evaluate the effectiveness of JD Group’s supply chain financing.Through analysis,this article believes that the main problems in JD Group’s supply chain financing are: weak debt repayment ability,which affects the financial security of creditors;The practitioners have insufficient experience in compliance rectification,and the cost of business rectification is high;The unequal status between core enterprises and SMEs in the chain can easily lead to conflicts between both parties;Severe internal competition in financial products can easily lead to internal friction issues;The financing products for downstream merchants are not yet complete,which is not conducive to the expansion of market scale.The suggestions for the subsequent development of JD Group’s supply chain financing are to enrich funding sources and reduce financial pressure;Cultivate a professional talent team and grasp the direction of compliance rectification;Find a balance of interests between core enterprises and SMEs in the chain,and seek common development;Reasonably allocate internal resources to promote the healthy development of various business lines;Innovate supply chain financing products to meet the needs of upstream and downstream enterprises.The research conclusions of this article are: E-commerce platform supply chain financing can solve the financing problems of SMEs in the chain;Rich customer information and excellent information technology are the advantages of e-commerce platforms in managing supply chain financing;Supply chain financing of e-commerce platforms can achieve a win-win situation between core enterprises and SMEs;The supply chain financing of e-commerce platforms is not yet perfect,and e-commerce enterprises have a long way to go.