Yu is a cash management product mainly for individuals, small and micro enterprises and small and micro operators.
The product itself is the Yunshangbao Monetary Fund launched by Tian Hong Fund, which has the characteristics of low risk and high liquidity, and is jointly created by the online merchant bank and Tianhong Fund.
Tian Hong Fund Management Co., Ltd. was established on June 8, 2004, and it is one of the publicly issued fund management companies approved by China Securities Regulatory Commission.
As of June 30th, 200019, the management scale of Tian Hong Fund's public assets was 1203942 billion yuan, ranking first in the industry.
In 20 13, Tian Hong Fund launched the first Internet fund-Tian Hong Zenglibao Monetary Fund (Yu 'ebao), which changed the new format of the whole fund industry. As of September 30th, 20 19, the scale of Yu 'ebao was 1054822 billion yuan, ranking the largest single fund in China.
By 20 18, the number of users of Tian Hong Fund has exceeded 500 million, making it the largest Public Offering of Fund company in China.
According to the announcement of Tian Hong Fund 2065438+February 25th, 2005, the registration of industrial and commercial changes related to the company's capital increase and share expansion has been completed, and the registered capital has increased from18000 yuan to 50143 million yuan. The new shareholding structure is as follows: Zhejiang Ant Financial holds 565,438+0% equity of Tian Hong Fund, while Tianjin Trust, Inner Mongolia Zheng Jun and Wuhu Gaoxin hold 65,438+06.8%, 65,438+05.6% and 5.6% equity respectively. In addition, the total shareholding ratio of employees is 1 1%.
Tian Hong Fund set up the first large-scale settlement system based on cloud computing in the industry to go to IOE-Tian Hong Fund Cloud Direct Selling System. With the help of advanced Alibaba Cloud computing platform, the technology and concept of Internet are used to ensure the safe flow of financial data, so that users have no feeling of the complexity of background technology, and the business processing efficiency and data capacity are greatly improved.
The system supports hundreds of millions of users, and can handle hundreds of millions of transactions a day. Concurrent transactions can handle thousands of transactions per second, and the liquidation time is less than one hour. Even in the Double Eleven online shopping carnival, the success rate of payment is as high as 99.99%.
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