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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Business / Banking & Finance

Technology and big data analysis drive 80-time average growth in fund size at world’s most-used money market fund platform

Name: SCMP
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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

Georgina Lee

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Published: 9:01am, 27 Mar, 2019

Updated: 5:15pm, 27 Mar, 2019

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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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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

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