19 September 2018

Yu E Bao earns 13 mln yuan for investors per day, paper says

Yu E Bao, the money market fund of Alibaba Group, makes an average of 13 million yuan (US$2.13 million) for its investors daily, Securities Times reported Monday, citing a company statement. It has produced a combined 788 million yuan in profit for its investors, with nearly half of new money coming in through mobile apps, the report said.

– Contact HKEJ at [email protected]



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