April 28, 2017 ‘Alibaba’s four-year-old Yu’e Bao surpassed JPMorgan’s US government money market fund to become the world’s largest, according to the Financial Times. With 165.6 billion US dollars under management, the Yu’e Bao fund has grown rapidly, reflecting the increasing importance and irreplaceable role of technology and e-commerce in China.’ Read the Full Story
April 28, 2017
‘Alibaba’s four-year-old Yu’e Bao surpassed JPMorgan’s US government money market fund to become the world’s largest, according to the Financial Times.
With 165.6 billion US dollars under management, the Yu’e Bao fund has grown rapidly, reflecting the increasing importance and irreplaceable role of technology and e-commerce in China.’