Posts Tagged: Yuebao

Seeing strong demand, Alibaba raises share price range for this week’s IPO

Alibaba’s financial arm earns approval to open a private bank

The Chinese ecommerce giant continues to get serious about entering the banking sector.

  • September 29, 2014
  • at 9:13 pm
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How does Alibaba respond when China cracks down on investment products? It launches another investment product.

Chinese tech giant Alibaba rolled out its second investment-themed offering today, and it’s probably not what followers of the company...

  • March 26, 2014
  • at 6:19 pm
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China's central bank considering tough regulations on online payments

After last week’s clampdown, China reportedly considering tough regulations on online payments

Late last week, the People’s Bank of China (PBoC) moved to curb the rapid growth of online payments by banning in-person payments made usi...

  • March 18, 2014
  • at 12:56 pm
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wechat bank

WeChat leaps into banking, lets users set up online investment fund

Tencent (HKG:0700) has just joined China’s personal finance race alongside Alibaba and Baidu (NASDAQ:BIDU) with the latest addition to Ch...

  • January 16, 2014
  • at 11:20 am
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china web giant bank

Tencent and Netease to join the personal investment race against Alibaba and Baidu

Following the success of Alibaba’s Yuebao and Baidu’s Baifa online savings fund, Tencent (HKG:0700) and Netease (NASDAQ...

  • December 18, 2013
  • at 12:40 pm
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4 ways China’s web giants will beat state-owned banks in consumer finance

In recent months, China’s web giants – namely Baidu (NASDAQ:BIDU), Alibaba, and Tencent (HKG:0700) – have been applying for f...

  • November 12, 2013
  • at 9:30 am
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Alibaba secures Chinese government approval to sell funds on Taobao as it continues to disrupt the banking sector

Chinese tech giant Alibaba has received approval from the China Securities Regulatory Commission to conduct sales of fund products on Taobao...

  • November 1, 2013
  • at 2:00 pm
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Alibaba’s Yuebao Online Personal Finance Product

Alibaba’s New Online Personal Finance Product Hits 2.5 Million Users, $1 Billion Already Deposited

A few weeks ago it was interesting to see China’s e-commerce titan Alibaba move in to disrupt China’s personal finance industry with a n...

  • July 1, 2013
  • at 8:03 pm
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1 year and $92 billion later, Alibaba’s massive mutual fund starts to stagnate

Yuebao now holds RMB 574 billion (US$92 billion) in assets. That makes it the fourth-largest money market fund in the world.

  • July 3, 2014
  • at 8:22 pm
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Tencent v Alibaba thumb

Tencent versus Alibaba: a complete guide to an increasingly fierce rivalry (INFOGRAPHIC)

Tencent (HKG:0700) is the world’s fourth largest web company, and Alibaba is on the verge of history’s largest tech IPO. Both o...

  • March 19, 2014
  • at 9:00 am
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2 of China's web giants want to become banks as China reforms banking industry

2 of China’s web giants want to become banks as China reforms banking industry

China is set to launch a trial program to shake up the nation’s state-owned banks, allowing five new private banks to be set up in the...

  • March 11, 2014
  • at 6:55 pm
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8 tech trends to watch in China for 2014

The new year is a time for reflection, but it’s also a time for looking forward. In this regard, we’ve taken a broad look at some of the...

  • December 24, 2013
  • at 2:00 pm
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wechat bank

WeChat to launch banking platform by mid-December

WeChat‘s upcoming financial services platform will be launched in mid-December this year, according to Yicai (article in Chinese). ...

  • November 29, 2013
  • at 11:43 am
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Alibaba’s online fund sales on Taobao met with lukewarm reception

Alibaba continued its trek into online banking and finance when its Taobao e-commerce site launched the sale of online funds last week. But ...

  • November 4, 2013
  • at 12:56 pm
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Baidu announces upcoming launch of Baifa as it moves into personal finance

Baidu (NASDAQ:BIDU) announced today that it will officially launch a new finance platform on the 28th. According to Netease News, Baidu’s ...

  • October 21, 2013
  • at 4:13 pm
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