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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
"Traditional institutions . . . the resource is quite limited. They cannot provide the services. But for fintech, actually we can serve millions of clients online at the same time,"said Ms Li.
PHOTO: BLOOMBERG
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.
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