Ant’s Alipay Rolls Out Investment Advisory Platform in China
- Tougu Guanjia functions like a supermarket for robo advisers
- Ant is working with five asset managers as part of debut
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Ant Group Co. created an investment advisory platform on its Alipay app, allowing companies that offer robo adviser services to reach its 1 billion users.
Five Chinese asset management companies debuted on the platform known as Tougu Guanjia, which means investment advisory manager. Users will be able to chose robo advisory services from the platform that functions like a supermarket.