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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. |
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. |
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