JM Wowo to launch supply chain finance operation

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China-based food sector B2B e-commerce platform JM Wowo Limited has announced plans to launch a supply chain finance company. The new operation will provide financing and leasing services to international source suppliers that make large commodity transactions on JM Wowo's online marketplace or supply large equipment to JM Wowo customers. The company will also connect corporate customers with banks for commercial paper, and provide some customized financial services for supply chain solutions.