Suning taps online finance
By Cathy Ding |
January 15, 2014, Wednesday
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Print Edition
Print Edition
Suning Commerce Group will start subscriptions today for its cash management product through its payment service Yifubao as it becomes the latest company to tap the Internet finance sector.
It cash management product will be a combination of two money market funds offered by GF Fund Management Co and China Universal Asset Management Co.
Suning hopes the cash management product will be able to meet users’ demand for wealth management tools and at the same time cater to their online shopping behavior, it said in a stock exchange filing yesterday.
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