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.
- Thursday ,13 December GMT 22:53 2018 Indian Minister of Trade meets with UAE Ambassador, Chairman of Emaar Properties
- Thursday ,06 December GMT 13:41 2018 Tyre maker Continental opens lab to extract rubber from dandelions
- Friday ,30 November GMT 15:22 2018 Paper industry around famous Chinese lake to be shut down by 2019
GMT 22:53 2018 Thursday ,13 December
Indian Minister of Trade meets with UAE Ambassador, Chairman of Emaar PropertiesGMT 13:41 2018 Thursday ,06 December
Tyre maker Continental opens lab to extract rubber from dandelionsGMT 15:22 2018 Friday ,30 November
Paper industry around famous Chinese lake to be shut down by 2019GMT 11:13 2018 Sunday ,18 November
Electricx 2018 kicks off with participation of over 20 countriesGMT 14:17 2018 Thursday ,25 October
BP eyes entering several new Rosneft projectsGMT 12:08 2018 Saturday ,20 October
OPEC participants performed Vienna Agreement by 111%GMT 16:14 2018 Saturday ,06 October
Saudi Aramco IPO to go ahead by early 2021GMT 19:01 2018 Thursday ,04 October
LEAD S. Korean firms offer aid for quake-hit Indonesia
Economic conference on investment opportunities in Syria kicks off
Bucharest - SANA
With the participation of 120 representatives of Romanian companies, Chambers of Commerce and industry, An economic conference on “Reconstruction in Syria between the development of economic steadfastness and the opportunities ofRussia tests new telemetry system during manned Soyuz MS-11 spacecraft’s launch
Moscow - TASS
The Astra-06 apparatus developed by specialists of Russian Space Systems (RSS) was used for the first time as additional telemetric equipment aboard the manned Soyuz MS-11 spacecraft launched from the Baikonur CosmodromeLiverpool, Manchester City seek neighbours' help in title chase
London - DPA
Liverpool and Manchester City will be looking for a little help from their not-so-friendly neighbours this weekend. The Premier League front-runners face each other's local rivals when City host Everton and Liverpool take on Manchester United. Liverpool jumped above City at theBlue light in smartphones linked to blindness and some cancers
Spain - DPA
Ever since we have started to become chained to our smartphones and tablets, people have been saying that the waves coming off these devices must be bad for us. So often laughed off as conspiracy theorists, it now looks more and moreFestive Fashion by Dubai-based designer ASMARAÏA
Dubai - Arab Today
Dubai-based label ASMARAÏA just launched its pre-fall 2019 collection — and it’s all about cruelty-free, sustainable fashion with a festive edge. Checkmate The 15-piece collection features this checkered skirt-and-jacket ensemble that is giving us major “Clueless” vibes. Gold Rush ‘Tis the season to sparkle and this dazzling, floor-length gold skirt will do the trick. Take note of the chic black bow detail at the waist — it’s the ultimate party look. Feathered fashion The brand works with environmentally-friendly materials such as organic cotton, recycled polyester and faux fur, so you can be sure this feathered look doesn’t come at the cost of an animal’s life. Jewel Tones If you want to glisten like a polished jewel at your next festive function, this emerald-colored skirt is the perfect choice with its sequin details and shimmery overlay. Golden Girl Leopard print
GMT 02:47 2017 Saturday ,25 November
Presidential Assistant Appreciates Youth Role in Supporting Patriotic Values
GMT 16:22 2018 Friday ,07 December
UAE exhibition Numaish back with 70 designers
GMT 16:16 2017 Saturday ,11 February
Turkey recalls imams accused of spying in Germany
GMT 18:24 2017 Wednesday ,15 November
Pakistan’s Ambassador to the United States Aizaz Ahmad Chaudhry.
GMT 06:00 2017 Wednesday ,28 June
Actress Dina happy for success of her series
GMT 14:10 2017 Sunday ,05 November
PML-N united under leadership of Nawaz Sharif: Musadik
GMT 07:10 2017 Tuesday ,04 April
Hollande honors Hariri, says Lebanon can always count on France
GMT 07:53 2017 Thursday ,06 April
Non-profit sector a new focus for Saudi Arabia
GMT 19:28 2017 Friday ,28 April
Sexual transformation's phenomenon raises controversy
GMT 11:47 2017 Friday ,03 February
Ireland in talks with Apple on terms for escrow account: minister
GMT 11:03 2017 Monday ,17 April
HH the Emir Meets Ethiopian President
GMT 11:10 2016 Thursday ,11 August
Egyptian Olympic medallist blazes trail for women
GMT 07:23 2017 Friday ,24 March
Moroccan stresses caftan takes major place in fashion world
GMT 17:23 2017 Saturday ,15 April
Saudi-led coalition ‘will not allow Houthi militia to become another Hezbollah’
GMT 19:06 2018 Wednesday ,31 October
Algerian ambassador in Damascus expresses desire to strengthen mutual relations
GMT 19:02 2018 Thursday ,18 October
Islamic State takes over 700 hostages in Syria
GMT 15:57 2018 Sunday ,16 September
London’s counterpart to US Magnisky Act not to come into force until after Brexit
GMT 10:15 2018 Tuesday ,11 September
Moscow slams as blackmail US threats to use force against Syria
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor