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E-finance in China
No crackdown on Yu'ebao2014-03-05
The People's Bank of China will regulate the fast-growing Internet finance sector more carefully, but it won't crack down on it, the head of the central bank said on Tuesday.
Yu'ebao more popular than Shanghai, Shenzhen stock exchanges2014-03-04
Alibaba's Yu'ebao has become one of China's largest monetary funds, becoming more popular than stocks among investors in Shanghai and Shenzhen, forcing authorities to seek ways to appeal to investors to put their money back into the country's stock exchanges.
Caixin explains: What is Yu E Bao and Why is It in the news?2014-03-03
The Yu E Bao e-investment product has been in the spotlight because of a strong backlash against remarks made by a CCTV commentator, who compared it to a vampire that sucks money out of banks.
Yu'ebao not all it's cracked up to be?2014-01-26
Yu'ebao, the investment service introduced by payment service Alipay, seems to have risen into the firmament after garnering 49 million users and helping build China's largest investment fund in just six months, China Business News reports.
China's mobile payments rise in 20132014-01-14
China's mobile payment size nearly tripled to 334.3 billion yuan in the third quarter from the quarter before, and Alipay's market share was 64.4 percent.
P2P platforms in China bit the dust in 20132014-01-08
Investors in P2P platforms in China have become more selective after a shakeout in the fourth quarter of 2013. Many platforms pledging higher investment returns have been ousted; others have survived despite their lower yield rates.
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