China’s Monster Money-Market Shrinks and Rivals Reap Rewards

📆 01/11/2018 09:15:00
📰 WSJ

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At one point this year, assets under management at this Chinese money-market fund were twice those of their biggest American peer

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“Samsung and SK Hynix, the biggest makers of the memory chips used in mobile devices...$60 billion of investments in facilities...Artificial intelligence, Internet of Things and autonomous driving are among uses for memory...Chinese firms also expanding rapidly...”. Over Supply?

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Rivals Reap Rewards as China’s Monster Money-Market Fund ShrinksBeijing is forcing the world’s largest money-market fund, Ant Financial’s Tianhong Yu’e Bao, to shrink, creating a bonanza for the dozen other money-market funds that Ant has added to its investment platform. Interesting
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