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Taobao offering online funds

By Meng Jing and Cai Xiao | China Daily | Updated: 2013-11-02 07:21, an online marketplace owned by e-commerce giant Alibaba Group Holding Ltd, wants to help people manage their money by offering fund products., which gets 100 million daily visits on average, on Friday opened a vertical site named Licai, which means financial management in English, offering shoppers a convenient way to buy fund products.

At least 17 Chinese fund companies have started to sell money market funds, and bond and stock funds through, according to a press release from Alibaba on Friday.

Taobao offering online funds

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