Signage support the use of Ant Financial Service Group’s Alipay smartphone-enabled payment platform, along side MasterCard and China UnionPay in Hong Kong. Photo: SCMP
Technology and big data analysis drive 80-time average growth in fund size at world’s most-used money market fund platform
- Since its move to include funds from outside managers, Yu’e Bao has expanded into a cash management platform with 20 funds
- Move to offer more fund choices have come after its flagship money market fund grew to the world’s biggest, raising systemic concerns
Topic |
Investing
Signage support the use of Ant Financial Service Group’s Alipay smartphone-enabled payment platform, along side MasterCard and China UnionPay in Hong Kong. Photo: SCMP