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Change e-tailors to e-tailers JUST days after Chinese e-commerce giant Alibaba rolled out its online Yu’ebao personal finance platform in mid-June,Liu Shaohua,24.transferred in several thousand yuan from a low-interest savings account that was wilting in the face of inflation. Given Yu’ebao’s current annual interest rate of more than 6 percent(compared to Chinese banks’ one-year deposit rate of 3.5 percent),its lack of a minimum deposit requirement,and the ability to transfer and withdraw funds easily without paying a commission,Liu says it was a no-brainer to invest in China’s newest,and most-buzzed
Change e-tailors to e-tailers JUST days after Chinese e-commerce giant Alibaba rolled out its online Yu’ebao personal finance platform in mid-June,Liu Shaohua,24.transferred in several thousand yuan from a low-interest savings account that Was wilting in the face of inflation. Given Yu’ebao’s current annual interest rate of more than 6 percent(compared to Chinese banks’ one-year deposit rate of 3.5 percent),its lack of a minimum deposit requirement,and the ability to transfer And withdraw funds easily without paying a commission,Liu says it was a no-brainer to invest in China’s newest,and most-buzzed