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
A

(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.

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