Robo-advisers help investors instead of wealth managers

Leading Chinese peer-to-peer lending and wealth management company CreditEase Corp is developing a robo-adviser product to serve small and medium domestic investors.

A robo-adviser is an online wealth management service that provides automated, algorithm-based portfolio management advice without the use of human financial planners.

"With business patterns and innovation, small and medium investors can enjoy personalized financial services and better manage their wealth," said Tang Ning, CEO of CreditEase Corp.