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After the establishment of a joint venture in December, the two firms plan to provide an advisory service targeting China’s retail market.
The global spread of the coronavirus has encouraged fund houses in China to interact online with investors, instead of the usual face-to-face roadshow.
The China fintech firm and US asset manager have set up an investment advisory joint-venture targeted at the China retail market.
The world’s second largest asset manager has set up a financial services joint venture with Alibaba affiliate Ant Financial, according to public records.
The Asset Management Association of China (AMAC) sharply criticised an online fund marketing campaign launched by an Alibaba wealth management arm and involving 16 fund managers.