Internet finance rules give banks more wiggle room2014-07-09
The annualized return from Yu'ebao, China's largest money-market fund, slipped to about 4 percent in the second quarter, down more than 30 percent from its peak of 7 percent at the end of last year.

Users of Yu'ebao breaks 100 mln in Q22014-07-02
China's internet financing product Yu'ebao, jointly provided by Alibaba and Tianhong Asset Management Co.Ltd, has funded over 57.4 billion yuan(approx.9.2 billion U.S.dollars)in the second quarter of 2014.

Internet funds face stagnation2014-06-30
The prime time for monetary funds backed by leading Internet companies, such as Alibaba's Yu'ebao, has come to an end, a senior banker said at a forum on Sunday.

Tencent co-launches financial platform on QQ2014-06-27
Chinese Internet company Tencent Holdings Ltd has entered a new realm of Internet finance by co-developing a wealth management platform based on its popular QQ instant messaging service, targeting securities firms and stock investors.

Legislators support well-regulated Internet finance2014-06-26
Legislators have called for support for the burgeoning Internet finance industry and better management of it.

Baoshang Bank launches online wealth management platform2014-06-19
Baoshang Bank Limited, a joint-equity commercial bank best known for its micro-business finance service, launched an online wealth management platform called Xiaoma Bank on Wednesday amid increasing competition from Internet finance companies.

Banks outweigh rivals in mobile payments: report2014-06-01
China's behemoth banks beat their nimble young challengers in handling mobile payment business with fewer transactions, but of greater value.

Ping An Insurance launches mobile financial app offering loan service2014-05-13
Ping An Insurance (Group) Co of China on Monday launched the latest version of its mobile payment app for the public, a sign of traditional financial institutions' venture into the Internet finance sector.

Yu'E Bao's annualized return hits record low2014-05-12
Seven-day annualized return of Yu'E Bao, the largest money-market fund in China, hit a record low of less than 5 percent since November, the Securities Times reported Monday.

Baidu unveils P2P white list2014-05-08
Baidu has rolled out a white list of the first batch of qualified companies that offer P2P(peer-to-peer)lending, the National Business Daily reported on Wednesday.

Online fund yields still falling2014-05-05
Sheng Songcheng, an official at the PBC, published an article on Tencent's Web portal qq.com on Sunday, saying that online monetary fund operators should be subject to reserve requirements in order to control risks.

China's unchecked P2P lending faces tough days2014-05-03
China's P2P(peer-to-peer)lending has been hit with some strict regulations to clean up the business after a string of frauds and defaults.

Third party mobile payment thrives2014-04-29
The total trading volume of the third party payment business rose 43.2 percent year on year to 17.9 trillion yuan(2.9 trillion U.S.dollars)in China last year, the China Securities Journal reported Monday.

Yu'ebao caps transfers2014-04-23
Online fund platform Yu'ebao, launched by Alipay, will only allow transfers to banks that are smaller than 50,000 yuan ($8,015) to be completed within two hours from Thursday.