Yu 'ebao was launched by Alibaba Group, not founded by Ma Yun. Yu 'ebao is just a balance appreciation service created by Alipay. We transferred the money to Yu 'ebao and bought the Yu 'ebao Monetary Fund provided by Tian Hong Fund, but the funds in Yu 'ebao can be used for online shopping payment and other people's transfer anytime and anywhere.

Although Yu 'ebao is not Ma Yun's, Ali Group is still a partner of Tian Hong Fund, so Ma Yun still occupies an important position in the balance treasure. And if you want to use Yu 'ebao, you need an Alipay account first. Individual users registered with Alipay account cannot enjoy the rights and interests of Yu 'ebao, so Yu 'ebao cannot leave Alibaba Group.

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The function of Yu 'ebao can be realized directly in Alipay, so as long as there is Alipay on the mobile phone, you can use Yu 'ebao directly without downloading an app separately.

Yu 'ebao has many advantages. The low threshold of 1 yuan is very flexible and can be directly used for consumption payment in most consumption scenarios.

The most important thing is a good income. At present, the yield of Yu 'ebao is 3.959%, which is higher than the benchmark interest rate of bank demand deposits of 0.35% and also higher than the benchmark interest rate of one-year time deposits of 1.50%.

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