Yu 'ebao is a balance value-added service created by Alipay. When you transfer money to Yu 'ebao, you buy the Yu 'ebao Monetary Fund provided by Tian Hong Fund, and you can get income. The funds in Yu 'ebao can also be used for online shopping payment at any time, which can be flexibly extracted.
Monetary fund is an open-end fund that collects idle social funds, is operated by fund managers and kept by fund custodians. It specializes in investing in low-risk money market instruments, which is different from other types of open-end funds. It has the characteristics of high security, high liquidity, stable income and "quasi-savings".
Due to the emergence of digital currency, a new type of money fund-virtual money fund has appeared in the field of money fund. Also known as the digital currency Fund. For example: BlackRock digital currency Fund.
Extended data:
Yu 'ebao is a balance appreciation service and current fund management service product under Ant Financial, which was launched on June 20 13. Tian Hong Fund is the fund manager of Yu 'ebao.
Yu 'ebao is connected with Yu 'ebao Monetary Fund under Tian Hong Fund, which is simple to operate, low in threshold and free of handling fee. In addition to the financial management function, Yu 'ebao can also be directly used for shopping, transfer, payment, repayment and other consumer payments. It is a cash management tool in the era of mobile Internet. At present, Yu 'ebao is still the largest monetary fund in China.
Monetary fund is an open-end fund that collects idle social funds, is operated by fund managers and kept by fund custodians. It specializes in investing in low-risk money market instruments, which is different from other types of open-end funds. It has the characteristics of high security, high liquidity, stable income and "quasi-savings".
Since Alipay, Ant Financial has had sub-business segments such as Alipay, Yu 'ebao, Lucky Treasure, Ant Wealth, Online Merchant Bank, Ant Flower Garden, Sesame Credit, Ant Financial Cloud, and Ant Guest. At present, Alipay has 450 million active users, and the cost of each payment transaction is as low as 0.02 yuan; Yu' ebao serves 250 million users and brings more than 50 billion yuan in revenue to users; The data-based credit information lending system has provided services to 2.6 million small and micro enterprises, with loans exceeding 600 billion yuan.
References:
Baidu encyclopedia-Yu' ebao
China Huaxin was founded by Ye Jianyi in 2002 and its board of directors was established in 2006. 20 14 the fourth board of direc