Yu 'ebao is a service launched by Alipay for individual users to pay for funds through the balance in Alipay. Transferring funds to Yu 'ebao means buying corresponding wealth management products from fund companies and other institutions. Through time management, you can get some income and increase some wealth.
A fund refers to a certain amount of funds set up for a certain purpose. Such as trust and investment funds, provident funds, insurance funds, retirement funds and various foundations. People usually refer to funds mainly as securities investment funds.
(Reference: Xinhuanet, Yu 'ebao is connected with two new funds)