www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

Make me your Homepage
left corner left corner
China Daily Website

Internet finance: Golden goose for nest eggs?

Updated: 2013-11-28 10:38
By Meng Jing ( China Daily)

Internet finance: Golden goose for nest eggs?

China's leading search engine Baidu launched its first online wealth management platform Baifa in late October 2013. The biggest online search company in the country is moving away from its advertising business to compete with Alibaba and Tencent Holdings in the financial sector. [Photo / icpress.cn]


The sector is the latest battlefield for dot-com companies with online payments booming in the world's second-largest economy, reports Meng Jing

Yang Qian, a retired woman in South China's Guangdong province, started a new hobby after spending 22,000 yuan ($3,600) to buy into Yu'E Bao, a fund product co-developed in October by Alipay, the online payments provider arm of Alibaba Group Holding Ltd, and Tian Hong Asset Management Co.

Each morning, the 55-year-old checks her Alipay account through an app on her mobile phone and finds that about 2.87 yuan have been added to it. Despite the small amount, Yang said she is filled with joy every time she finds the new earnings.

As a typical fan of Yu'E Bao - which is designed to make it easy for Internet users to invest idle cash from their Alipay accounts and earn a higher interest rate than what traditional bank savings accounts offer - Yang's enthusiasm is what makes the concept such a success in China and has made "Internet finance" a new catchphrase in the business world.

According to Tian Hong Asset Management, Yu'E Bao has become the largest money market fund in China within four months of launching in mid-June.

As of Nov 11, Yu'E Bao, which translates to "leftover treasure", had 100 billion yuan in assets under management and more than 30 million customers, Tian Hong said.

It seems no one wants to leave his or her leftover treasure behind. So, many companies have rushed to follow e-commerce king Alibaba by providing similar financial offerings.

Along with Alibaba - whose Taobao marketplace recently received a no-objection letter from the securities regulator to help companies sell fund products online - Baidu Inc, China's biggest Internet search provider, also has moved into financial services, launching an online finance product called Baifa in late October.

In fact, Baifa's rumored annual yield of 8 percent attracted so many prospective customers that Baidu reported that 1 billion yuan worth of the financial products were sold within five hours of the launch.

JD, the platform of online retail giant Jingdong Inc, also has made Internet finance one of the main engines in driving the company's future growth.

JD wouldn't reveal the details of its Internet finance products as it is in the process of getting them licensed, but the company has shown its ambition by co-founding in August the Zhongguancun Internet Finance Association, the industry's first national group, with more than 30 other Internet finance players.

Just as the Internet has changed the landscape of retail business around the world, insiders believe it will reshape China's finance sector.

Yuan Leiming, an executive with Alibaba Small Micro Finance Services Group, said the traditional finance sector relies largely on financial outlets such as banks to provide services to customers.

Alibaba to reshape online finance

Alipay set to launch new wealth-management product

Taobao.com is licensed to sell fund products

Baidu wealth management platform soon raises 1b yuan

Previous Page 1 2 3 Next Page

 
8.03K
 
...
主站蜘蛛池模板: 国产精品亚洲成在人线 | 97在线免费视频观看 | 高清性色生活片久久久 | 国产a网站 | 高h原耽肉汁动漫视频 | 精品国产精品国产 | 日韩精品一区二区三区免费观看 | 成 人 黄 色 视频 免费观看 | 国产护士一级毛片高清 | 国产精品在线播放 | 久久久99精品免费观看 | 久草在线观看首页 | 在线观看人成午夜影片 | 男人把女人桶到喷白浆的视频 | 国内一级野外a一级毛片 | 成人三级精品视频在线观看 | 亚洲成人午夜影院 | 国产激爽大片在线播放 | 国产亚洲久久 | 国产在线视频专区 | 日韩一区二区三区在线视频 | 香蕉97碰碰视频免费 | 日本国产一区二区三区 | 99国产精品久久久久久久日本 | 深夜福利视频在线观看免费视频 | 成人欧美一区二区三区黑人免费 | 亚洲一区二区三区高清 | 日本亚洲欧美国产日韩ay高清 | 一级a毛片免费 | 69欧美| 久久久久久尹人网香蕉 | 国产一级免费片 | 免费一看一级欧美 | 中文字幕毛片 | 欧美成人精品三级网站 | 日韩精品中文字幕视频一区 | 国产精品午夜免费观看网站 | 中文字幕亚洲一区 | 成年人视频网站免费 | 日本aaaaa级毛片 | 精品久久在线观看 |