Date
20 October 2017

Suning launches online money-market fund, paper says

Suning Appliance Co. Ltd. said its (002024.CN) third-party payment unit Yifubao has launched an online personal finance product called Lingqianbao, the Shanghai Securities News reported Tuesday, citing a company announcement. Users could transfer money in their Yifubao accounts to the money market-fund and enjoy same-day settlement, the report said. Meanwhile, users could also pay telecom fees, credit card charges and online shopping items via Lingqianbao, it added.

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