Related News
Suning gets nod to sell mutual funds online
Online Edition
Suning, China's largest home appliances retailer, said its online payment unit has gained regulatory approval to sell mutual funds on the Internet as the company takes a step further to provide a wider range of services to customers.
Suning's payment arm has approved by the China Securities Regulatory Commission to offer direct transaction service for online sales of mutual funds, the company said in a stock exchange filing yesterday. It is also preparing for an open platform for mutual fund companies to sell their products online.
Retailers and e-commerce companies like Alibaba Group are pushing for financial services for smartphone users and lure them with lower commission rates.
Zhejiang Alibaba E-commerce Co, the parent company of Alipay and controlled by Alibaba Group founder Jack Ma, said earlier this week that it will pay 1.18 billion yuan (US$193 million) for 51 percent of Tian Hong Asset Management Co to develop financial services.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
