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
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

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

  • 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
Georgina Lee

Updated: 5:15pm, 27 Mar, 2019

Why you can trust 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 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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