Chinese e-commerence giant Alibaba allows consumers to invest their spare cash in the money market funds through its Alipay online payment service. The product, called Yu’ebao, or “Leftovers Treasure,” has netted 130 billion yuan so far, making the fund’s management firm, Tianhong Fund, the country’s largest fund management company.
Meanwhile, due to the cooperation with Alipay, the management scale of Tianhong monetary fund has doubled from 55.653 billion yuan at the end of September to over 100 billion yuan. During the Singles Day, the frequency of payment of Alipay and Yu’ebao exceeded 188 million and 16.79 million with total transaction volume at 35 billion yuan and 6 billion yuan.
1. The fund has been successful so far mainly because________.
A. it is the country’s largest fund management fund.
B. it was the first in China to cooperate with Yu’ebao.
C. consumers can directly invest the spare cash in it through online payment service.
D. The online shopping is prosperous and the Singles Day shopping makes great contribution.
2. From the passage, we can know that Alipay__________.
A. allows sellers to invest their spare cash in the money market funds.
B. offers the business called Yu’ebao.
C. has doubled to 55.653 billion yuan at the end of September
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