Alibaba Introduces First Online Funds Sales

Nov 5, 2013 (Tue): Alibaba Group has recently started its online funds sales via its online shopping platform Taobao and the first batch of 17 funds institutions, including Guotai AMC, E Fund and Aegon-Industrial Fund opened their online funds shops last Friday, Xinhua reports. The funds shops will provide a one-stop service for buyers to open accounts, place and pay for orders, as well as manage their fund accounts. Its Alipay will offer online payment service to the fund shops.

According to the report, Alibaba has become China’s first Internet company to provide services for funds sales institutions.

Author: Terry KS

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