Alibaba has established an open platform for Zhaocaibao financial management. According to people familiar with the matter, the first batch of three products will be launched, some of which have already been approved.

Different from Yu’ebao’s high liquidity, the first batch of products on the Zhaocaibao platform focus on regular strategies.

What is the difference between Zhao Cai Bao and Yu'e Bao?

Which one is better, Zhao Cai Bao or Yu'e Bao?

People familiar with the matter said that one of the three funds is Xinhua Fund's "Alibaba No. 1 Capital Guaranteed Hybrid Fund" with a closing period of one and a half years.

The fund received widespread attention when it was declared and was speculated to be a second-generation product of Yu’E Bao.

At present, this fund has been approved before the other two funds and will become the first fund on the Zhaocaibao platform.

Yesterday, Tianhong Fund announced that it would open the 81 million users of Tianhong Fund Zenglibao to Zhaocaibao.

However, people familiar with the matter revealed that in order to prevent Zhaocaibao from diverting too much diversion from Yu’ebao users, the upper limit of the fundraising scale of the three upcoming funds has been limited to 1 billion yuan.

What is the difference between Zhao Cai Bao and Yu'e Bao?

Which one is better, Zhao Cai Bao or Yu'e Bao?

Yu'ebao can be understood as temporary financial management of money to buy things, while the funds in Zhaocaibao will be funds specifically used for financial management.