By Matthew Miller BEIJING (Reuters) - Alibaba Group Holding Ltd's online mutual funds platform, which launched in June allowing customers to buy and sell a single money market fund, is set to attract more than 20 billion yuan ($3.27 billion ) by the end of this month. That would make the Zenglibao fund, managed by the fledgling Tianhong Asset Management Co, the most successful fundraising by any mutual fund in China this year. The start of mutual fund services by Alipay. ...
via Tech News Headlines - Yahoo! News http://news.yahoo.com/tapping-chinas-leftover-treasure-alibaba-online-funds-platform-205957551--sector.html
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