22 September 2019

Alipay fund investment platform enters big league, paper says

Alipay, a third-party online payment platform in China, said on Wednesday that user numbers for Yu’ebao, the nation’s first fund investment platform for online shoppers, reached 43.03 million by the end of 2013, with transaction value hitting 185.3 billion yuan (US$30.59 billion), Global Times reported. Yu’ebao has helped its users, who are spread across more than 2,000 cities and counties, earn a total of 1.79 billion yuan since it hit the market on June 13, Alipay was quoted as saying. 

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