Managing Money Online.docVIP

Managing Money Online 　　Wang Kang， 27， works for a Beijing branch of the Industrial and Commercial Bank of China （ICBC）， a major state-owned commercial bank in China and the largest bank in the world by total assets. Despite the fact that her job has given her better access to various types of bank-backed money management products， Wang chose to deposit her money in Yu’ebao （literally meaning “leftover treasure”）， an online investment product provided by Alibaba Group， China’s dominant e-commerce company. 　　Yu’ebao is an online finance platform launched by Alibaba in June 2013 through its thi