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"This post has been corrected. A\u00A0little over\u00A0a year ago, we argued that Yu'e Bao, the Alibaba-affiliated platform for money-market investment,\u00A0could challenge the Chinese state-owned banks' monopoly on savings deposits. The platform's\u00A0promise of higher yields\u00A0capitalized on the backlash against the punishingly low, government-set deposit rates available to savers\u2014a politically risky but potentially super-profitable gambit. And, clearly,..."^^<http://www.w3.org/2001/XMLSchema#string>
<http://qz.com/229909/alibaba-now-runs-the-fourth-largest-money-market-fund-in-the-world-and-maybe-the-biggest-challenge-to-chinese-banks/>