Chinese travel agent can ‘carve niche’ in funds
Online travel agent Tuniu Finance has started selling funds run by China Universal and is tipped to benefit from analysing its customer data to make product recommendations.
Following the huge online success of the Yu’e Bao money-market product and others like it, the range of firms looking to sell funds through digital channels continues to grow. The latest is Tuniu Corporation, one of China's biggest online travel agents and the first of its peers to enter this space.
The company's Nanjing-based financial services arm has started selling mutual funds provided by China Universal Asset Management. The Shanghai-based manager put 25 of its funds on the …
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