Alibaba's registered capital has little to do with its subsidiary Yu'ebao, and Yu'ebao is a money fund product under Alipay, which mainly provides users with returns by purchasing short-term low-risk financial products.

If the fund shares of Yu'ebao products you hold are not affected, that is, you can still redeem and purchase them, then you can continue to use Yu'ebao. If you have any questions about Alibaba's capital reduction, it is recommended that you consult relevant financial and legal professionals to obtain more accurate and authoritative information and suggestions.