Internet finance rules give banks more wiggle room
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 Q2
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.
Highlight
Baidu launches Wallet mobile payment platform
JD files new prospectus, launches online fund product
CreditEase denies defaulting on 800m yuan in loans
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China's P2P lender PPDai hits the jackpot
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Five Chinese brokers granted online business access
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