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: 午夜精品网 | 久草久草在线视频 | 亚洲黄视频在线观看 | 欧美日韩国产一区二区三区在线观看 | 精品一区二区三区视频在线观看 | 亚洲天堂伊人 | 久久久网久久久久合久久久久 | 手机在线成人精品视频网 | 一区二三区国产 | 日韩激情中文字幕一区二区 | 毛片在线全部免费观看 | 一级毛片aaa片免费观看 | 亚洲欧洲日产v特级毛片 | 久草.com| 91热国产| 欧美三级一级 | 天天看夜夜 | 成人中文字幕在线观看 | 亚洲欧美激情精品一区二区 | 亚洲日本韩国在线 | 99久久精品免费精品国产 | 手机在线观看亚洲国产精品 | 一本一道久久综合狠狠老 | 欧美综合视频在线观看 | 国产真实乱子伦精品视 | 一区二区三区国产精品 | 亚洲国产精品第一区二区 | 日韩经典中文字幕 | 精品欧美一区视频在线观看 | 日本一区二区三区精品视频 | 京野结衣免费一区二区 | 久久国产精品夜色 | 日本人一级毛片视频 | 亚洲国产精品ⅴa在线观看 亚洲国产精品aaa一区 | 亚洲欧美网 | 欧美在线一区二区三区欧美 | 亚洲成a人片在线观 | 亚洲国产精品专区 | 亚洲国产日韩成人综合天堂 | 一级毛片aaaaaa视频免费看 | 精品国产免费第一区二区 |