World Largest $100 Billion Money Market Fund China Ant Group Tianhong Yu’ebao 7-Day Yield Decreased to Record Low 1.27%, Launched in 2013 for Alipay Users & Tianhong Yu’ebao Has 763 Million Accounts in 2024 Q3, Tianhong Asset Management is an Asset Management Company Controlled by Alibaba Ant Group
13th December 2024 | Hong Kong
The world’s largest $100 billion money market fund China Ant Group Tianhong Yu’ebao 7-day yield has decreased to a record low of 1.27%. Tianhong Yu’ebao was launched in 2013 for Alipay users, and Tianhong Yu’ebao has 763 million accounts in 2024 Q3. Tianhong Asset Management is an asset management company controlled by Alibaba Ant Group. Ant Financial has a controlling 51% stake in the company. Yu’ebao – Yu’ebao is China’s first ever Internet fund specially designed for Alipay. It remains the largest money market fund in China, known in full as Tianhong Yu’ebao Money Market Fund. Putting security and liquidity first, the company delves into the economic and policy climates, market status, and money supply and demand, and designs and adjusts portfolios based on stringent risk control to bring in impressive returns for investors. In May 2013, the first Internet fund product was launched in China. The first of its kind, Yu’ebao is specially designed for Alipay. Tianhong Asset Management Co., Ltd. was established on November 8, 2004 . In 2013, in collaboration with Alipay, the company launched the first ever Internet fund “Yu’ebao”, charting a course for the future of Internet finance.
World Largest $100 Billion Money Market Fund China Ant Group Tianhong Yu’ebao 7-Day Yield Decreased to Record Low 1.27%, Launched in 2013 for Alipay Users & Tianhong Yu’ebao Has 763 Million Accounts in 2024 Q3, Tianhong Asset Management is an Asset Management Company Controlled by Alibaba Ant Group
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