US EUROPE AFRICA ASIA 中文
    Business / Gadgets

    Telecoms dialing up financial products

    By Meng Jing (China Daily) Updated: 2014-05-27 07:12

    Telecoms dialing up financial products

    China Telecom began offering a money market fund called Tianyibao on its mobile payment platform BestPay earlier this month. Geng Guoqing / For China Daily

    Mobile phone companies home in on success of Yu'ebao

    Facing stiff competition from private sector players, China's telecommunication giants are following in Alibaba's footsteps to launch online investment products as new value-added services to improve user loyalty as well as seek new growth.

    China Telecom, China's third-largest network carrier by subscriber numbers, began offering a money market fund called Tianyibao on its mobile payment platform BestPay earlier this month.

    Telecoms dialing up financial products
    China Mobile lowers data price by 40% on 4G service packages 

    Telecoms dialing up financial products
    Yu'E Bao deposits exceed 250b yuan  

    The product, which shares features with Alibaba's Yu'e bao, allows prepaid customers to get higher returns than a typical bank savings account on their bill deposits.

    Customers can withdraw money whenever they like from the fund, which was jointly developed by BestPay and China Minsheng Bank. The product's advertised annualized yield is 5 percent.

    China Unicom Ltd, the second-largest mobile carrier in the country, has likewise teamed up with a financial company, Shenzhen-based Essence Fund, to launch an online investment service, Huafeibao, to Shenzhen-based users, possibly by this week.

    The service, which should be open to all China Unicom users soon, lets those who buy contract phones get advertised annual returns of 6 percent on their frozen bill deposits.

    Ever since Alibaba launched its Yu'ebao online investment service last June, many tech companies in China have been trying to replicate the e-commerce giant's attempt to combine the convenience of the Internet with the sophistication of wealth management.

    Telecom companies' entries into the sector is a rather new trend but also a strategically important one, said Ji Chendong, a Shanghai-based expert in technology, media and telecom.

    Previous Page 1 2 Next Page

    Hot Topics

    Editor's Picks
    ...
    ...
    色婷婷综合久久久久中文| 亚洲熟妇无码乱子AV电影| 在线播放无码后入内射少妇| 亚洲一级Av无码毛片久久精品| 无码av人妻一区二区三区四区 | 一级毛片中出无码| 日韩人妻精品无码一区二区三区| 日韩欧美群交P片內射中文| 国产激情无码一区二区| 亚洲AV无码一区东京热久久| 国产a v无码专区亚洲av| 日韩精品无码一区二区三区 | 亚洲中文字幕无码一区二区三区 | 亚洲AV无码欧洲AV无码网站| 日韩区欧美区中文字幕| 亚洲无av在线中文字幕| 亚洲gv天堂无码男同在线观看| 国产热の有码热の无码视频| 亚洲动漫精品无码av天堂| 国产AV无码专区亚洲AV漫画| 欧美日韩中文字幕| 久久久久久久久久久久中文字幕 | 中文字幕人成人乱码亚洲电影| 波多野结衣亚洲AV无码无在线观看| 无码日韩精品一区二区三区免费| 国产成人无码AⅤ片在线观看| 色多多国产中文字幕在线| 中文字幕你懂的| 熟妇女人妻丰满少妇中文字幕| 色综合久久中文色婷婷| 中文字幕日本在线观看| 惠民福利中文字幕人妻无码乱精品| √天堂中文官网在线| 免费中文字幕视频| 中文自拍日本综合| 超清无码熟妇人妻AV在线电影| 老子午夜精品无码| 亚洲A∨无码无在线观看| 久久久久久亚洲Av无码精品专口| 精品人无码一区二区三区| 88久久精品无码一区二区毛片|