Retail in Asia

In Trends

Taobao.com able to sell fund products

Taobao.com, China’s largest online shopping platform, now sells fund products as tech giants expand their services into the financial sector.

Taobao, owned by Internet giant Alibaba Group, yesterday launched a third-party platform to sell fund products, one day after the online platform received the go-ahead from the China Securities Regulatory Commission.

(Source: Shanghai Daily)