Related News
Sina offers wealth management products to young adults
Online Edition
CHINESE Internet giant Sina Corp is expanding into the growing Internet finance industry with a special focus on young adults.
Weicaifu.com, an online marketplace for wealth management products owned by Sina, saw fund sales reach 481 million yuan (US$78.5 million) in October, up 23 percent from a month earlier, Zheng Xinwei, product management director of the financial platform, told a media briefing yesterday.
Since its inception in April, total fund sales have amounted to 1.38 billion yuan. The average investor has assets of 18,132 yuan.
“With an investment cap of 5,000 yuan in each product, our platform mainly targets young users who tend to be ignored by traditional financial institutions,” Zheng said.
The investment platform has lured a group of grass-roots investors born in the 1970s and 1980s, who make up 76 percent of its users. The average age of the platform’s investors is 32.
- 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.
