Alibaba to debut fixed-term investment
After rolling out China's first Internet finance product, Yu'E Bao, in June last year, Alipay, the e-payment arm of Alibaba Group Holding Ltd.
Wechat's 'Licaitong' attracts 800m yuan, challenging Yu'E Bao
Tencent's Wechat users transferred more than 800 million yuan to the app's wealth management platform, "Licaitong" on Jan 22, the day it was launched, Morning Express reported Thursday.
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Internet finance: Golden goose for nest eggs?
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Alibaba helps make China's largest fund
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Titans launch online insurance company
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Taobao.com is licensed to sell fund products
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Online funds sales get green light
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