Posted inChina, World

Alibaba’s Yu’e Bao is now world’s biggest money market fund

Just four years ago, Alibaba’s payment affiliate Ant Financial saw an opening in the piles of cash held in their customer’s online payment accounts. The company took a page from the playbook of US and UK brokers of the 1990’s and put the cash into a fund, dubbed Yu’e Bao. The fund has now surpassed […]

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