20 August 2019

Alibaba launches film-linked online investment, paper says

Alibaba Group has rolled out a new online insurance management fund named “Yule Bao” (Entertainment Treasure) that lets retail investors put a minimum of 100 yuan (US$16.10) into selected film and TV productions for an expected annualized return of 7 percent, the Securities Times reported Wednesday. Four film productions seeking a combined 73 million yuan will be the investments in the product’s first phase, the report said.

– Contact HKEJ at [email protected]



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