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Taobao targets August for fund platform launch

Elva Muk
China’s largest e-commerce website will provide an alternative distribution option for mutual funds from overcrowded bank channels.
Taobao targets August for fund platform launch

China’s leading e-commerce website, Taobao, and fund managers are close to finalising a system to sell mutual funds online, says an executive in talks with the site who asked not to be named.

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