The cooperation between Tian Hong Fund and Alipay has created a new model. For Alipay customers, there is always some money sleeping there, and money funds can provide lower risks and better liquidity. The monetary funds that Tian Hong cooperates with Alipay can be used for consumption, transfer and other expenses at any time, just like the balance of Alipay. The combination of the two can not only improve the yield of Alipay customers' fund balance, but also bring new business growth points to fund companies.
Alibaba officially controls Tian Hong Fund.
2065438+May 29, 2004 16:05 Tian Hong Fund received the Reply of China Securities Regulatory Commission on Approving Tian Hong Fund Management Co., Ltd. to change its shareholders holding more than 5% shares. The main contents are as follows: Zhejiang Alibaba E-Commerce Co., Ltd. agreed to contribute 262 million yuan to Tian Hong Fund and hold 5 1% equity of Tian Hong Fund. The registered capital of Tian Hong Fund has also increased from the previous 65.438+0.8 billion yuan to 540 million yuan.
After the change, Tian Hong Fund Alibaba has a registered capital of 262 million yuan and a shareholding ratio of 565,438+0%. Tianjin Trust and Inner Mongolia Zheng Jun hold 16.8% and15.6% respectively; Wuhu High-tech Investment Co., Ltd. holds 5.6%. In fact, as early as last year 10, Zheng Jun, Inner Mongolia, announced that Alibaba intended to take a stake in Tian Hong Fund. According to the plan at that time, Alibaba planned to subscribe for the registered capital of Tian Hong Fund at a price of 4.50 yuan per share, contributing 262 million yuan.