Text: | Print|

In cartoons: Top words in China 2013(6)

2013-12-18 15:49 chinadaily.com.cn Web Editor: Gu Liping
1
Yin Zhengyi/cartoon.chinadaily.com.cn

Yin Zhengyi/cartoon.chinadaily.com.cn

Yu'E Bao

Assets of fund management platform Yu'E Bao top $16.4b

Managed assets of Yu E Bao, the fund management platform under Alipay, the country's largest third-party payment platform, have passed 100 billion yuan ($16.4 billion), the company said on Friday.

The money market fund has become the nation's largest public fund to top 100 billion yuan and ranks 51st globally, according to a company notice on its official micro blog.

Alipay users are entitled to directly invest cash from their Alipay account into a money market fund managed by Tianhong Asset Management Co, which promises higher returns than those offered by banks and provides much more flexibility.<More>

Internet finance: Golden goose for nest eggs?

Alipay set to launch new wealth-management product

Comments (0)
Most popular in 24h
  Archived Content
Media partners:

Copyright ©1999-2018 Chinanews.com. All rights reserved.
Reproduction in whole or in part without permission is prohibited.