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Alibaba Enters Wealth Management Sector

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Chinese e-commerce company Alibaba Group Holding Ltd. is set to roll out its first wealth management product Friday after launching its popular Yu’E Bao investment service, according to Alibaba’s payment affiliate. The fixed-term investment product to be launched by the company and affiliate Alipay is expected to offer investors an…

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Click here to read the full story: Wall Street Journal

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