Caixin OnlineFinance & EconomicsTop Stories Finance Zhejiang Alibaba Offers E-Investors Promissory Note Option
05.05.2014 16:30

Zhejiang Alibaba Offers E-Investors Promissory Note Option

Company behind Yu E Bao lets people buy notes at a discount from companies in need of cash, but experts warn risks may be understated
By staff reporter Wang Shenlu

(Beijing) – A type of wealth management product that allows investors to buy promissory notes from companies is in the spotlight after Zhejiang Alibaba E-commerce Co., a pioneer of Internet finance in the country, recently rolled out the service.

Zhaocaibao Financial Service Information Co., a wholly owned subsidiary of Zhejiang Alibaba, was established on April 3. It offers a series of wealth management products that most retail investors are not familiar with through Taobao.com, a shopping website owned by Alibaba Group Holding Ltd., a company linked to Zhejiang Alibaba.

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
COMMENTS (0)
Sign up to receive our free daily newsletter
Latest Issue
On the Cover:

Ammonia in the Haze

Farms and cars are contributing to rising levels of ammonia gas in the country, but the impact on air pollution is still hazy


Issue 82
October, 2014

POPULAR GALLERIES

SUBSCRIPTIONS

Caixin-China
Economics & Finance
Latest Issue:
Ammonia in the Haze
Farms and cars are contributing to rising levels of ammonia gas in the country, but the impact on air pollution is still hazy
Issue 82
10.01.2014

Subscribe       |       Newsletter        |        FAQ