Alipay Interest Account Attracts 1 Million Users

Alipay's Investment Service Attracts 1 Mln Users in Week

Alipay's online fund investment service has 1 million users one week after launching, the country's largest third-party payment platform says.

The service, Yu E Bao, was jointly launched by Alipay, the online payment service of Alibaba Group, and Tian Hong Asset Management Co. on June 13. It allows individuals to buy money market funds or other financial products using idle cash in their Alipay accounts.