Huabei: China’s Leading Consumer Credit Platform and Its Global Implications

Huabei, a consumer credit service launched by Ant Group, has revolutionized digital payments in China.

As part of the Alipay ecosystem, it offers a “Buy Now, Pay Later (BNPL)” model, allowing users to spend first and repay later, with broad applications across e-commerce, retail, and everyday transactions.

For global executives, Huabei’s rise provides cr…