It's a fund.

Yu'e Bao is a balance value-added service created by Alipay.

Transferring money to Yu'e Bao means purchasing the Yu'e Bao currency fund provided by Tianhong Fund, and you can earn income. It is a very convenient and fast investment method.

Yu'e Bao is a service launched by Alipay for individual users to make fund payments through the balance in Alipay.

Transferring funds to Yu'e Bao means purchasing corresponding financial products from fund companies and other institutions. Through financial management over time, you can obtain some income and increase your wealth.

: Fund refers to a certain amount of funds established for a certain purpose.

For example, trust investment funds, provident funds, insurance funds, retirement funds, and various foundation funds.

What people usually call funds mainly refers to securities investment funds.