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April 10, 2015

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New e-commerce stock index launched

ALIBABA’S small finance unit will allow financial institutions to tap its e-commerce transaction data via the first e-commerce backed stock index that tracks listed companies by their e-commerce transactions.

The CSI Taojin Big Data 100 Index, a first in China, will choose the top-100 Shanghai and Shenzhen-listed stocks based on their e-commerce transaction-related business climate index, their overall market performance as well as financial earnings results.

Yuan Leiming, head of the financial business unit at Ant Small & Micro Financial Services, said the company welcomes all financial institutions to tap its e-commerce data.

The sample stocks in the index would be adjusted monthly to reflect the latest industry trends. Sample stocks in most stock indices, such as the CSI 300, are adjusted every six months.

“Leveraging the e-commerce related data can allow our fund managers to better predict listed companies’ performance, giving investors better investment return,” said Wang Deying, vice president of Bosera Fund.

Bosera Fund will launch two mutual funds linked to the Big Data 100 Index later this month. Investors can subscribe to them through Alipay’s financial product channels and Taobao’s mutual fund selling platform.


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