由阿里巴巴另一家關聯公司天弘基金( Tianhong Asset Management Co.
UrWork's backers include Sequoia Capital China, Sinovation Ventures and Tianhong Asset Management Co ., a fund backed by financial services giant Ant Financial. UrWork is even expanding into new lines of business like legal services to get more money .
from Tianhong Asset Management Co. Ltd, Junfa Real Estate Group, and a number of other Chinese companies. Other investors also include Chinese property firm Dahong Group and Tianming Shuangchuang Technology, both based in Henan province, as well as.
Before that, UrWork completed a RMB400 million (US$58 million) round from Tianhong Asset Management Co., Ltd ., a fund management firm affiliated with Ant Financial, in January. In June 2016, UrWork raised a RMB300 million (US$46 million) pre-B round .
Because after shutting the doors on the hedge fund, Mr Zhou set off down a path that led him to the Cinderella story of Chinese investment: Tianhong Asset Management . Tianhong is a relatively unknown name, but Yu'e Bao, its money market fund, has .
According to data from Tianhong Asset Management , which runs Yu'E Bao, the assets under management of Yu'E Bao surged some 80 percent in the past six months from around 800 billion yuan by the end of December 2016. The quarter-on-quarter growth .
The cap, which comes into effect from May 27, will apply to new investments but not existing accounts, Tianhong Asset Management Co Ltd, which is majority owned by Ant Financial and manages the fund, said in a statement on its website. Set up in 2013.
The onshore bonds of two China Hongqiao Group Ltd . units slumped in March after the world's biggest aluminum maker said full-year results may be delayed because of issues raised by its auditor. Bondholders of China Shanshui Cement Group Ltd . are still.
Alibaba Group is said to have agreed on 51 percent stake purchase in Tianhong Asset Management Co. Ltd., in a deal that will expand the registered capital of the fund company to 514 million yuan (US$83.66 million), the 21st Century Business Herald reported.
The operators of Yu'eBao, a fund management service for individual investors owned by Alibaba Group's Alipay, has become the first Chinese fund company to manage more than RMB1 trillion (US$145 billion). Tianhong Asset Management Co ., which .
Stuart H. Leckie, chairman of Stirling Finance Limited , pinpointed “financing” and “design” as two major components of a pension system. Given that China's first pillar system has been hard hit ... on Pension Management in a Low-Yield Market. Xiong Jun.
The government's efforts to curb risk in the financial system and support the sliding yuan are likely to “over-stretch a rope that's already tight,” said Wang Dengfeng, who manages the 800 billion yuan ($115 billion) Yu'EBao fund at Tianhong Asset.