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.
Extended information Alipay Yu 'ebao is a branch of Alipay business and a financial service provided by Alipay to users. It is directly related to the Tian Hong Fund. Through Alipay client or official website, you can directly operate the transfer of Yu 'ebao, and buy or sell the monetary fund of Tian Hong Fund. To be exact, Yu 'ebao is a wealth management product jointly launched by Alipay and Tianhong Fund. Tian Hong Fund is currently controlled by Ali, which is the largest shareholder of Tian Hong Fund, and Alipay belongs to Ali, so we can simply think that Yu 'ebao belongs to Alipay and is supervised by Ant Financial.
The essence of Yu 'ebao is money fund. The money deposited in Yu 'ebao is equivalent to buying the money fund of Tian Hong Fund, and the income obtained is also the income of the money fund. Before the name Yu 'ebao appeared, its name was always called "Tian Hong Zenglibao Monetary Fund", which was completely a fund product of Tianhong Fund. In 20 15, Ali officially controlled Tian Hong Fund, and Yu 'ebao is still the fund product of Tian Hong Fund. Judging from the current data, Yu 'ebao is the most important product of Tian Hong Fund, and the main business volume of Tian Hong Fund also comes from Yu 'ebao.
Today, Yu 'ebao is still the largest monetary fund in China. On the one hand, it is because of the management of Tian Hong Fund, and a large part of it is because of Alipay's huge user base. The number of users of Yu 'ebao has now exceeded 300 million, and this number is increasing rapidly. Although the yield of Yu 'ebao hovers around 2.6%, it has a powerful payment function and can be consumed anytime and anywhere, and it is still an ideal financial choice.
What is the relationship between Phoenix Finance-Tian Hong Fund and Yu 'ebao?