The mobile fund app owned by Alibaba's Ant Financial is exploring ways of expanding its user base. AsianInvestor spoke to Huang Hao, president of Ant Fortune.
Chinese e-commerce giant Alibaba has launched its mobile wealth management app, which will distribute nearly 900 mutual funds. It comes just days after rival Tencent announced its own WeBank app launch.
A peer-to-peer internet finance firm has acquired a mutual fund house stake, creating China's latest fund-tech partnership. Others are expected to follow suit in the wake of Alibaba and Tianhong's barnstorming success.