Debate on Internet wealth management heats up

The burgeoning Yu'E Bao-like online investment funds have won the hearts of more and more customers, which inevitably squeezes the strong existing market share of the conventional banks.


Online fund rivalry heating up

Securities and asset management firms are expanding their online sales networks for fund products with the country’s largest online fund mall scheduled to launch on March 26.


ChinaCache Announces US$55 Million Private Placement

ChinaCache International Holdings Ltd. the leading total solutions provider of Internet content and application delivery services in China, today announced that it has signed a definitive securities purchase agreement with certain Institutional Investors


IRESS Australia wealth profit up in 2013

The Australian wealth management division of IRESS, which produces the financial planning administration software Xplan, benefited from increased activity by its clients as they scrambled to meet the 1 July 2013 FOFA implementation deadline.


Tax bites into Praemium profits

Praemium stated that with its “Australian business again profitable during the first half of FY2014, a tax expense of $2.0 million has been recognised.


China tech giants luring funds from traditional banks

With China's technology companies tipped to be given licenses to provide banking services, traditional brick-and-mortar banks are venturing out into the online realm to better compete against these new market players.