Yuebao

Alibaba’s Yu’ebao money market fund sank below 3 percent yield for the first time ever. What gives?

Like Baidu and Alibaba, Xiaomi is eyeing China’s finance industry and seeing dollar signs. Today the company is officially launching a money-market fund called Huoqibao inside a new standalone app

Big demand for leftover treasure.

Products like online mutual funds, peer-to-peer loans, and insurance only showed 2 percent growth in the second half of last year.

Alibaba’s mutual fund Yuebao garnered a lot of attention when it first launched last summer, and at first, it grew extremely fast. But by this July, it had begun to

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

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

Chinese tech giant Alibaba rolled out its second investment-themed offering today, and it’s probably not what followers of the company expected. Inside the Taobao mobile app, Alibaba has introduced a

Tencent (HKG:0700) is the world’s fourth largest web company, and Alibaba is on the verge of history’s largest tech IPO. Both of these behemoth companies occupy many of the same verticals

A user of Alibaba’s Alipay adds their credit card into the ewallet app. (Image: Alipay) Late last week, the People’s Bank of China (PBoC) moved to curb the rapid growth