Risk:
market risk
The income of the money fund is not fixed, and so is Yu 'ebao. If the money market does not perform well, the income of the money fund will also decline. The income of Yu 'ebao comes from the income of the money fund market, not from Alipay.
Competitive risk
In fact, Alipay launched Yu 'ebao to improve users' viscosity, attract users' idle demand deposits to Yu 'ebao in Alipay, and facilitate users to shop in Taobao, which will endanger the interests of banks to a certain extent.
Dispute risk
Yu 'ebao did not remind users of the investment risks of the money fund. Once the users of Yu 'ebao have income disputes, legal disputes are hard to avoid, and the resulting impact is hard to estimate.
Regulatory risk
According to the Central Bank's Regulations on the Management of Third-Party Payment Platforms, the balance of Alipay can be purchased by agreement, and whether the fund can be purchased is not clearly defined. Yu 'ebao's practice of realizing the fund sales function with the help of Tian Hong Fund is playing a marginal role. From a regulatory point of view, Yu 'ebao is illegal. Once the regulatory authorities attack, Yu 'ebao may be stopped.
Calculation method of interest on Yu 'ebao:
The daily interest is calculated on the basis of every ten thousand income. Interest = (principal/10000)× income per ten thousand shares.