Caixin OnlineBusiness & IndustryTop Stories Industry Net Users Flock to Yu E Bao Despite Regulatory Hurdle
07.01.2013 17:07

Net Users Flock to Yu E Bao Despite Regulatory Hurdle

Alipay's online fund investment service now has 2.5 million registered users even as CSRC seeks more documentation
By staff reporter Zheng Fei

(Beijing) – Alipay's online fund investment service, Yu E Bao, continues to enjoy rapid growth in its number of users despite the appearance of regulatory hurdles.

The service, jointly launched by Alibaba Group's online payment unit and Tian Hong Asset Management Co. on June 13, had 2.5 million registered users by June 30, Alipay and Tian Hong reported.

We hope you have enjoyed your free articles for the month
REGISTER to get 5 more free articles, or SUBSCRIBE to get full access to Caixin
Already a subscriber? Log in now
Sign up to receive our free daily newsletter


Latest Issue
On the Cover:

Back Door Slam

Issue 102
June , 2016



Economics & Finance
Latest Issue:
Back Door Slam
U.S.-listed Chinese companies planning to switch to a mainland exchange have been targeted by suspicious regulators
Issue 102

Subscribe       |       Newsletter        |        FAQ