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Champu13
2021-03-22

Ant’s Alipay Rolls Out Investment Advisory Platform in China

Tougu Guanjia functions like a supermarket for robo advisers Ant is working with five asset managers

Ant’s Alipay Rolls Out Investment Advisory Platform in China

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Users will be able to chose robo advisory services from the platform that functions like a supermarket.</p>\n<p>The service is in addition to Ant’s existing joint venture with Vanguard Group Inc. and helps it further expand in the robo advisory industry that’s expected to reach&nbsp;$1.1 trillion&nbsp;by 2027 in China. Ant functions as a pipeline and helps verify user identity.</p>\n<p>The five asset managers include&nbsp;Harvest Fund Management Co., Southern Asset Management Co., Zhong Ou Asset Management Co.,E Fund Management Co., and&nbsp;China Asset Management Co.All of the companies won licenses from the Chinese securities regulator to offer investment advisory services in 2019.</p>\n<p>A total of 18 companies are approved by the&nbsp;China Securities Regulatory Commission&nbsp;to offer fund investment advisory services in the country.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Ant’s Alipay Rolls Out Investment Advisory Platform in China</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAnt’s Alipay Rolls Out Investment Advisory Platform in China\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-22 15:53 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-03-22/ant-s-alipay-rolls-out-investment-advisory-platform-in-china><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Tougu Guanjia functions like a supermarket for robo advisers\nAnt is working with five asset managers as part of debut\n\nAnt Group Co. created an investment advisory platform on its Alipay app, allowing...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-03-22/ant-s-alipay-rolls-out-investment-advisory-platform-in-china\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2021-03-22/ant-s-alipay-rolls-out-investment-advisory-platform-in-china","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1194949679","content_text":"Tougu Guanjia functions like a supermarket for robo advisers\nAnt is working with five asset managers as part of debut\n\nAnt Group Co. created an investment advisory platform on its Alipay app, allowing companies that offer robo adviser services to reach its 1 billion users.\nFive Chinese asset management companies debuted on the platform known as Tougu Guanjia, which means investment advisory manager. Users will be able to chose robo advisory services from the platform that functions like a supermarket.\nThe service is in addition to Ant’s existing joint venture with Vanguard Group Inc. and helps it further expand in the robo advisory industry that’s expected to reach $1.1 trillion by 2027 in China. Ant functions as a pipeline and helps verify user identity.\nThe five asset managers include Harvest Fund Management Co., Southern Asset Management Co., Zhong Ou Asset Management Co.,E Fund Management Co., and China Asset Management Co.All of the companies won licenses from the Chinese securities regulator to offer investment advisory services in 2019.\nA total of 18 companies are approved by the China Securities Regulatory Commission to offer fund investment advisory services in the country.","news_type":1},"isVote":1,"tweetType":1,"viewCount":283,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":2,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}

Ant’s Alipay Rolls Out Investment Advisory Platform in China

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