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
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
Investing

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

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
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
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