Extremely Wealthy
Alibaba's Yu'eBao Becomes First Chinese Fund Management Firm With Over RMB1 Trillion In Assets
The operators of Yu’eBao, a fund management service for individual investors owned by Alibaba Group's Alipay, has become the first Chinese fund company to manage more than RMB1 trillion (US$145 billion). Tianhong Asset Management Co., which manages Yu’eBao's assets, saw assets under management reach RMB1.2 trillion at the end of…
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Click here to read the full story: China Money Network