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Jack Ma-backed Yunfeng's robo-adviser app targets the masses

Financial services company expects to attract tens of thousands of investors by the end of this year

Published Thu, Apr 6, 2017 · 09:50 PM
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Hong Kong

YUNFENG Financial Group Ltd, the financial services company backed by Alibaba-billionaire Jack Ma, has created a robo-adviser application to manage the wealth of regular Chinese and Hong Kong investors, a segment traditionally neglected by banks and financial institutions.

The service - called Youyu - targets anyone who has a bank account in Hong Kong with at least US$800 to invest. Yunfeng expects to attract tens of thousands of investors by the end of this year, chief executive officer Li Ting said in Hong Kong.

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