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  1. Business - China Business - INTERNET

    Alibaba finance foray a new trend

    Posted Oct 11th 2013, 12:00am by JANE CAI

    ... of registered capital, said Wang Qunhang, a researcher at Jian Financial Information's fund assessment centre in Beijing. "Tianhong would also become the first fund manager whose largest shareholder is a private non-financial institution, marking the arrival of internet finance," Wang said. Shares in Junzheng closed 10 per cent higher at 10.99 yuan yesterday, hitting the daily ...

    http://www.scmp.com/business/china-business/article/1328880/alibaba-finance-foray-new-trend

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