NEW INVESTMENT METHOD: Yu'e Bao, available on smartphones, is conveniently linked to China's biggest online payments platform Alipay, similar to PayPal and owned by an affiliate of e-commerce giant Alibaba Group Holding Ltd. — Reuters
BEIJING/SHANGHAI: For Yuan Yue, a Chinese graduate student in international trade, moving all of her spare cash to an online investment fund called Yu'e Bao was a no brainer.
"The yield is even higher than a bank time deposit, but a time deposit ties up your money ... so it's better to just keep it in Yu'e Bao, because you can use the money anytime. So why keep it at the bank?" said Yuan, who studies in Shanghai.
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