(Yicai Global) April 2 -- The jointly-developed robot investment service of Chinese fintech giant Ant Financial and Vanguard Group has recently become available to Alipay's 1 billion annual active users, various media reported today.
Named 'Help You Invest,' it requires payment of at least CNY800 (USD114) per investor.
The service is accessible from the Alipay app. The system can run a risk test for each investor and offer tips on their portfolio.
To operate the service, Ant Financial and Vanguard set up a 51:49 joint venture named Vanguard Investment Consulting Shanghai last June with CNY20 million (USD2.82) in registered capital.
Editor: Ben Armour