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Suning takes fund-trading online

Updated: 2013-11-14 20:08
By Tang Zhihao in Shanghai ( chinadaily.com.cn)

Suning Appliance Co, 皇冠体育app's largest home appliance retailer, will launch an online investment platform similar to e-commerce giant Alibaba's Yu'ebao in November, according to 皇冠体育app Security Journal.

Nanjing Suning Yifubao Internet Science Co, under Suning Commerce Group, obtained approval from the 皇冠体育app Securities Regulatory Commission in October to buy, sell and settle funds.

Suning is operating more than 1,600 stores around 皇冠体育app. The launch of the fund-trading platform will present big opportunities for fund industry in 皇冠体育app, observers say.

 
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