Tencent launches investment service to rival Alibaba2014-01-17
Tencent's first mobile financial service, provided through its popular WeChat app, went online on Jan. 15. China's online banking sector is getting crowded quickly, reports the Beijing Business Today.

Taobao opens China's first e-commerce funds platform2013-11-01
Chinese e-commerce giant Alibaba Group took a major step into Internet finance on Friday by starting funds sales on its popular online shopping platform Taobao.

Baidu withdraws controversial 8% return vow2013-10-24
China's securities regulator will examine the legitimacy of Baidu's asset management product after the search engine operator guaranteed a high yield for such product earlier this week.