Yu 'ebao belongs to Alibaba. Tian Hong Fund. Zheng Jun, Inner Mongolia consists of three holding companies. Tian Hong Fund is a state-owned asset and the largest monetary fund company in China. The security level of Yu 'ebao is equivalent to that of major state-owned banks. The income of Yu 'ebao is higher than that of the five-year fixed deposit of the bank. The annualized rate of return of Yu 'ebao in the last 7 days is 3.92%. The interest rate of five-year time deposits of the five major state-owned banks is 3.08%. Yu 'ebao is settled on a daily basis. It can withdraw money at any time and arrive in two hours. It is convenient, flexible, fast and safe. It is very popular with people. More than 400 million people in China are using Yu 'ebao to manage their wealth.
Yu 'ebao is a balance appreciation service and current fund management service product under Ant Financial, which was launched on June 20 13. Tian Hong Fund is the fund manager of Yu 'ebao. Yu 'ebao is connected with Yu 'ebao Monetary Fund under Tian Hong Fund, which is simple to operate, low in threshold and free of handling fee. In addition to the financial management function, Yu 'ebao can also be directly used for shopping, transfer, payment, repayment and other consumer payments. It is a cash management tool in the era of mobile Internet. At present, Yu 'ebao is still the largest monetary fund in China.