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Online travel service provider Tuniu nodded to sell funds

SHANGHAI
2015-09-18 15:23

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China's leading online travel service provider Tuniu Corporation (TOUR.Nasdaq) announced on Friday that it had got a license to sell funds, making it the first of such companies to conduct fund business.

Tuniu will provide various kinds of funds for investors to choose online, which include money market funds, stock-oriented funds, bond-invested funds and hybrid funds.

Tuniu also said that total transaction volume of wealth management products on its own financial service platform has exceeded one billion yuan.

China's online wealth management market is quite huge with a total of 784.9 million Internet users having purchased wealth management products online by the end of June, 2015, according to a report published by China Internet Network Information Center (CNNIC).

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