The Rainbow Yu 'ebao Fund is not Alipay's own. According to the inquiry of over the rainbow Fund Mobile official website, Tian Hong Fund cooperated with Alipay to launch Yu 'ebao in 20 13, and was the money market fund manager of Tian Hong Yu 'ebao. Tian Hong Fund is a fund product, and Yu 'ebao is a value-added wealth management project jointly launched by Tian Hong Fund and Alipay, so from a certain perspective, Tian Hong Fund is actually Yu 'ebao. Therefore, the Rainbow Yu 'ebao Fund and Alipay are only cooperative relations, not Alipay's own.