Latest News:  


Alipay pledges higher investor returns


14:36, June 25, 2013

Alipay, China’s largest third-party payment platform, has introduced a new funding service, called "Yu’ebao". The service gives Alipay’s near-800 million users the option to directly invest with the private TIANHONG Fund, using spare cash from Alipay accounts.

Alipay, which is China’s version of Paypal says it has a large amount of spare cash resting in the accounts of hundreds of millions of Taobao users. The number of people investing in the fund, has exceeded 1.5 million since its trial launch on June the 13. The annual earnings rate for investors in the fund is around three to four percent.

That’s compared to normal bank interest rates of 0.325 percent. The minimum threshold for fund investment is set at one Yuan, that’s far lower than normal investment thresholds. Users can redeem funds at any time, and the capital can be used directly for online payments or transferred without redemption.

We Recommend:

'All in Tuning All in Caravanning' Show

HK's new cruise terminal receives luxury liner

Huawei unveils thinnest smartphone in Singapore

Airbus A350 lands safely from test flight in S. France

Special coverage: China-EU solar row

Highlights of ATC Show 2013

Top 10 luxury villas of China in 2013

Turn rabbit to 'gold' - A young entrepreneur's goal

Hilton to open 120 new hotels in China

Email|Print|Comments(Editor:WangXin、Gao Yinan)

Leave your comment0 comments

  1. Name


Selections for you

  1. Special operation members in training

  2. Nanjing MAC conducts parachute training

  3. Best photos of week (June 17 - June 23)

  4. Dog carrying cat down street

  5. Thunder storm visits Beijing

  6. Nightclub girls: Living at night

  7. Fans react prior Uruguay vs Tahit match

  8. Bodyguards train on protecting VIPs

  9. Luxury China 2013 kicks off in Beijing

  10. High-end singles party attracts swarm of girls

Most Popular


  1. Why top scorers in Gaokao choose to go abroad
  2. Mobile Web alters Internet industry
  3. Stocks plunge, analysts eye liquidity
  4. Tight liquidity could hurt banks as WMPs mature
  5. Situation on Korean Peninsula delicately balanced
  6. Foreign companies eye new 'opening-up'
  7. Third parties aid Chinese customers' needs
  8. Profiting out of Africa comes with risks
  9. China's outbound investment at turning point
  10. Dog meat festival, 'bloody carnival'?

What’s happening in China

Dog carrying cat down street

  1. Report reveals danger in traditional herbs
  2. Detection dogs sniff out the spotlight
  3. Two drivers probed in drug-driving crackdown
  4. Man gets 6 years over kidnapping
  5. Official paid mistress 10,000 yuan a day