Vanguard teams up with Alibaba’s Ant Financial
Asset manager to set up a joint venture in Shanghai free trade zone
Asset manager to set up a joint venture in Shanghai free trade zone
China’s regulatory body for internet security is said to be in discussions for ownership stakes in tech giants such as Tencent and social media units under Alibaba, according to industry reports.
The Asset Management Association of China (AMAC), the fund industry’s self regulatory body, has sharply criticised an online fund marketing campaign launched by a wealth management arm of e-commerce giant Alibaba, involving 16 fund managers.
A finance firm set up by Alibaba founder Jack Ma has led the acquisition of Hong Kong-based MassMutual Asia by a group of regionally based investors.
A former UBS director of ultra-high net worth (UHNW) assets is part of a team behind the newly-established DC Wealth Management (HK).
French insurer Axa has entered into a worldwide strategic partnership to distribute its insurance products and services through the global ecommerce ecosystem of China’s Alibaba.
Just over one month after Alibaba’s $25bn IPO on the NYSE, the largest in history, five funds registered for sale in Asia have made the Chinese ecommerce giant a top 10 holding.