The financial services business of Chinese e-commerce behemoth Alibaba will allow non-affiliated mutual funds and banks to set up virtual shops within its China Citic Bank -based marketplace. Fan Zhiming , embedded in app wealth-managment app, will enable financial services companies to sell direct to consumers, the company's senior VP Fan Zhiming said. Among the first 10 companies to sign up are Shanghai Pudong Development Bank , China Citic Bank and Alibaba . According to Fan, the dashboard for the Fortune Account owners would provide data analysis and customer relations management tools using data technologies and artificial intelligence. Ant hasn't detailed its fee structures.
The financial services business of Chinese e-commerce behemoth Alibaba will allow non-affiliated mutual funds and banks to set up virtual shops within its China Citic Bank -based marketplace. Fan Zhiming , embedded in app wealth-managment app, will enable financial services companies to sell direct to consumers, the company's senior VP Fan Zhiming said. Among the first 10 companies to sign up are Shanghai Pudong Development Bank , China Citic Bank and Alibaba . Ant hasn't detailed its fee structures.