Posted inChina

Alibaba’s Yu’ebao lifts purchasing cap

Yu’ebao, China’s largest money market fund under Alibaba, has decided to scrap the purchasing limit for individual accounts effective April 10. The daily purchase cap of 20,000 yuan (US$ 2,979) and total holding limit of 100,000 yuan for individual investors will be lifted, according to its statement. It’s the first time in about two years […]

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