Chinese fund touts offshore crypto exposure in Alipay ad amid bitcoin boom


A Chinese fund manager has touted its fund’s cryptocurrency exposure in an effort to draw investors amid a historic bitcoin boom, even as Beijing maintains a hostile stance towards the digital assets.

A fund advertisement that read “Cryptocurrencies soaring, start investing with 10 yuan” was spotted on Alipay, Chinese fintech giant Ant Group’s mobile wallet app, crypto-focused outlet Wu Blockchain reported on Thursday.

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