ZHONG OU, THE UBI BANCA CHINESE JOINT VENTURE, SELECTED TO MANAGE ONE OF THE NEW MONEY MARKET FUNDS OFFERED ON THE FINANCIAL PLATFORM OF ALIBABA, THE E-COMMERCE GIANT

  • People Moves
  • 17.07.2018 09:03 am

Ant Financial Services Group, the financial platform of the Alibaba Group, has selected Zhong Ou Asset Management to manage one of the four new money market funds which will broaden the product range on Yu’e Bao, the group’s wealth management platform (over 400 million users). In the first two months of the new fund’s operations, Zhong Ou Asset Management recorded new inflows of around €8 billion from over 4 million clients.

 

Related News