Alibaba affiliate launches wealth management app
Alibaba Group Holdings Ltd
Hangzhou - XINHUA
Alibaba's affiliate Ant Financial launched a wealth management smartphone app Tuesday.
The standalone app, Ant Fortune, lets users buy online monetary fund Yu'ebao and products from Zhaocaibao, an online platform connecting investors with small businesses and individual borrowers.
In addition, investors can buy stock fund products and track stocks but currently can not make stock transactions.
Yuan Leiming, head of Ant Financial's wealth management unit, said the app lowers the investment threshold and lets more common people increase their wealth.
Yu'ebao has attracted more than 40 million investors since its launch in June 2013, making it the country's biggest monetary fund.
With higher earnings than bank deposits, Yu'ebao prompted people to pull money from banks and attracted many rivals into online finance.
On Saturday, WeBank, an online lender set up by Alibaba's archrival Tencent, launched a similar smartphone app.
GMT 09:47 2018 Tuesday ,23 January
SAP unveils big push into French tech start-upsGMT 05:07 2018 Tuesday ,23 January
Noble Group shares surge 37 percent on buyout talksGMT 19:07 2018 Monday ,22 January
BAKS spent Dh225m on charity projects in 2017GMT 22:52 2018 Sunday ,21 January
French firm "recalls baby milk product"GMT 22:27 2018 Sunday ,21 January
US company plans funds that double bitcoin price movesGMT 21:23 2018 Sunday ,21 January
Pence starts Mideast tour in Egypt amid Arab angerGMT 08:54 2018 Saturday ,20 January
Million-euro bill for firm behind Paris bike-share chaosGMT 10:47 2018 Friday ,19 January
German chemical giant BASF sees 'significant' profit leap
With Job Cuts, China Deal
France's Carrefour revamps operations
Paris - Emiratesvoice
France's Carrefour group said Tuesday it is overhauling its business in a transformation plan involving thousands of job cuts, a product revamp and new partnerships in China. Carrefour, which was the world'sTo partake in Beiteddine Festivals
Singer Bruni arrives in Beirut Sunday evening
Beirut - NNA
French renowned singer and supermodel, Carla Bruni, is expected to arrive this evening at Rafic Hariri International Airport in Beirut, accompanied by her husband, former French President Nicolas Sarkozy. BruniIn France
Microsoft to open 4 data centres
Paris - Emiratesvoice
Microsoft is to open 4 data storage centers in France to meet strong customer demand for cloud computing, the head of the software giant's French operations told the Agence France-Presse onIn Olympic Spotlight
'Friendly and kind' N. Korean skaters
Taipei - Emiratesvoice
North Korea's figure skaters Ryom Tai-Ok and Kim Ju-Sik are "friendly and kind and a little bit shy", South Korea's Kim Kyueun said Tuesday ahead of their hugely anticipated Olympic appearance. The skater is competing with her partner Alex Kam in theFor $11.6 Bn
Sanofi buys US haemophilia treatment
Paris - Emiratesvoice
French pharmaceutical firm Sanofi said Monday it had reached an agreement to purchase US biotech company Bioverativ, which specialises in treatments for haemophilia and rare blood disorders, for $11.6 billion. Sanofi's chief executive Olivier Brandicourt said the acquisition "enhances its presence in specialtyParis show pays homage
to 'eternal style' of late Alaia
Paris - Emiratesvoice
Two months after legendary designer Azzedine Alaia's sudden death plunged the fashion world into mourning, an exhibition in homage to the "King of Cling" opens Monday in his studios in Paris. The Tunisian-born designer, renowned for the way his clothes hugged the body, died suddenly in November aged 82, reportedly of heart failure after falling down the stairs at his home. The diminutive maverick, who ignored fashion week convention by showing when and where he wanted, in July produced his first couture collection in six years to rapturous reviews. Now some of his most iconic dresses are going on display in the glass-roofed gallery next to his studio and home in the Marais district where he used to show his creations. It includes the dress worn by supermodel Naomi Campbell, his longtime friend and muse, when she led
GMT 05:06 2024 Tuesday ,06 February
New hunt for flight MH370 gets under way
GMT 16:17 2018 Thursday ,30 August
Five Saudi women pilots granted GACA licencesGMT 23:58 2011 Saturday ,05 November
Ways to Update Your Furniture
GMT 11:01 2017 Tuesday ,05 December
Mövenpick Hotels & Resorts opens doors to new beachfront
GMT 13:14 2014 Saturday ,25 October
Alaa Abdel Fattah's appeal trial to be held Monday
GMT 05:26 2017 Thursday ,19 January
Solar energy making rapid progress in the region
GMT 12:55 2017 Tuesday ,26 December
Pope pleads for migrants at Christmas mass
GMT 10:29 2017 Saturday ,14 October
IMF chief urges more support for global trade
GMT 09:31 2017 Tuesday ,05 September
Battling to thwart diesel bans
GMT 11:35 2017 Saturday ,07 October
US tax overhaul 'desperately needed'
GMT 07:34 2017 Wednesday ,20 September
Death toll in Mexico quake rises to 248
GMT 23:57 2016 Tuesday ,17 May
Tanzania sets aside $2.4bln for grand infrastructure development
GMT 18:47 2016 Saturday ,21 May
Chinese Foreign Minister expresses condolences over Sri Lanka flood disasterGMT 13:47 2011 Monday ,01 August
World’s biggest Ramadan lantern lit up in Gaza
GMT 14:20 2015 Saturday ,15 August
'Deadliest Catch' star Tony Lara dead at 50GMT 12:50 2012 Tuesday ,03 July
Leila Trabelsi appears in mediaGMT 22:06 2012 Wednesday ,10 October
Gaza rockets strike Israel, no injuries
GMT 06:52 2017 Wednesday ,16 August
Head of main US labor union leaves Trump panel over Charlottesville response
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor