Spotlight on China fintech as P2P player moves into funds
A peer-to-peer internet finance firm has acquired a mutual fund house stake, creating China's latest fund-tech partnership. Others are expected to follow suit in the wake of Alibaba and Tianhong's barnstorming success.
The latest financial technology player to move into China’s funds industry has highlighted growing demand for distribution partnerships with mutual fund houses.
After the storming success of e-commerce giant Alibaba’s money market fund (MMF), the second tech company to enter the funds industry is looking to replicate its returns.
Relaxed rules have made fund-tech marriages easier, with analysts pointing out that the two industries share common targets over mass-retail investors …
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