| Traditional financing models dominated by banks have many shortcomings.To meet the financing needs of small and medium-sized enterprises,supply chain finance has emerged.Supply chain finance aims to address the difficulties of financing for small and medium-sized enterprises by integrating related data such as cash flow,logistics,industry flow,and information flow,and providing assistance to upstream and downstream companies in need of financing.With the development of the Internet,supply chain finance has gradually been combined with e-commerce platforms.Ecommerce platforms have first-hand information and data from upstream and downstream companies,enabling the platform to further analyze relevant information and reduce dependence on traditional credit guarantee models.The development of a series of emerging technologies has further promoted the development of supply chain finance on e-commerce platforms.Based on this situation,this article aims to explore the theory and practice of supply chain finance on e-commerce platforms,and study the characteristics,mechanisms,and development trends of supply chain finance on e-commerce platforms.Therefore,this article takes Shanghai Ganglian as the research object and analyzes the operational mode and implementation effect of supply chain finance under the ecommerce platform.Firstly,the current situation of supply chain financing development is discussed,and the basic elements and components of existing supply chain finance models are explained,as well as the analysis of the current status of supply chain finance research.Then,taking Shanghai Ganglian as the research object,a detailed case introduction is carried out.Next,the profitability and operational capabilities of Shanghai Ganglian’s supply chain finance are analyzed,as well as further analysis of the improvement of upstream and downstream suppliers and the concentration of the supply chain.Finally,a comprehensive evaluation system is constructed for further analysis.This article concludes that Shanghai Ganglian’s implementation of supply chain finance has brought some positive effects: firstly,it has improved Shanghai Ganglian’s profitability level and improved the quality of Shanghai Ganglian’s operating cash flow;secondly,it has improved the profitability and operational capabilities of its suppliers.Thirdly,from the comprehensive implementation effect of Shanghai Ganglian’s supply chain finance,the implementation effect of supply chain finance is positive,but there are also shortcomings: firstly,the improvement of the company’s own operational capabilities is limited;secondly,the management of cash flow for raising funds still needs to be further strengthened.Finally,the research results show that supply chain finance under e-commerce platforms,with the implementation path of Internet technology,can provide better financing support for small and medium-sized enterprises,and promote the synergy and efficiency of the supply chain.Therefore,to better develop and apply supply chain finance,it requires the joint efforts of governments,regulatory agencies,and enterprises themselves. |