If you deposit a small amount, you won't be afraid. If you deposit too much, it's not very safe. You can't deposit all your belongings into it

Summary of various risks and advantages

1. Yu'ebao's income comes from money funds (wealth management products). The income is not fixed. Fund investment will have risks. Haven't there been problems with bank wealth management products?

2. According to the central bank's management regulations on third-party payment platforms, Alipay balances can be used to purchase agreement deposits, but there are no clear regulations on whether funds can be purchased. Yu'ebao's practice of using Tianhong Fund to realize fund sales functions is skirting the law. From a regulatory perspective, Yu'ebao is not legal. Once the regulatory authorities take action, Yu'ebao may be stopped.

3. Yu'ebao transfers bank cards and money funds through Alipay, that is, funds go from personal bank cards to Alipay, and then from Alipay to Yu'ebao. Yu'ebao invests in money funds; traditional money funds are from personal bank cards to money funds. That is to say, Yu'ebao's closed loop of funds from personal bank cards to money fund custodian banks has been destroyed by the existence of Alipay. Once a loophole appears in the personal Alipay link, customer funds will be at risk.

4. Yu'ebao did not remind users of the investment risks of money funds. Once Yu'ebao users have disputes over returns, legal disputes are difficult to avoid, and the impact caused by this is difficult to estimate.

5. There is no upper limit on the amount of funds raised, which is the biggest risk of all investment products. For example, if you are given 10 million, I believe you can make 10%; if you are given 100 million, I believe you can make 10%, but if you are given 100 billion, 1 trillion... can you also make 10%? Then our country's trillions of foreign exchange funds can be directly handed over to you for management, so why bother to buy American treasury bonds with such a low yield. All investment projects have a capital limit, and only within the specified investment amount can the investment return rate it gives be credible. Even for a stock god like Buffett, the funds he manages are limited, and Berkshire Hathaway's shares cannot expand indefinitely.

6. The operation process is simple. The Yu'ebao service is to build the fund direct sales system of the fund company into the Alipay website. When users transfer funds to Yu'ebao, they are actually purchasing money funds. The corresponding funds are all managed by the fund company. The income of Yu'ebao is not "interest", but the income of users purchasing money funds. If users choose to use the funds in Yu'ebao to pay for shopping, it is equivalent to redeeming money funds. The whole process is as simple as recharging, withdrawing or paying for shopping in Alipay.

7. There is no limit on the minimum purchase amount. Yu'ebao has no limit on the minimum purchase amount for users, and you can buy it with one yuan. The goal of Yu'ebao is to give those pocket money opportunities to gain appreciation, so that users can enjoy the joy of financial management even if they only have one or two yuan or one or two hundred yuan.

8. Alibaba has established Ali Microfinance Group, which includes guarantee companies and loan companies. It has a strong amount of funds and has been accumulating momentum for a long time, and is more capable of dealing with unknown risks.

9. Yu'ebao is more convenient. Relying on the Alipay platform and real-name authentication, if you want to buy Yu'ebao, you can directly pay and subscribe on Alipay without opening a separate account.

10. There is no limit on the minimum purchase amount Yu'ebao has no limit on the minimum purchase amount for users, and you can buy it with one yuan. The goal of Yu'ebao is to allow pocket money to gain the opportunity to increase in value, so that users can enjoy the joy of financial management even if they have only one or two yuan or one or two hundred yuan.

11. High returns and flexible use Compared with general "money makes money" financial management services, Yu'ebao's greater advantage is that it not only provides high returns, but also fully supports almost all Alipay functions such as online shopping, Alipay transfers, etc., which means that the funds in Yu'ebao are always increasing in value, and can be used for consumption at any time. At the same time, Tianhong Zenglibao Money Fund, which cooperates with Alipay Yu'ebao, supports T+0 real-time redemption, which means that the funds transferred to Alipay Yu'ebao can be transferred to Alipay balance at any time, with real-time arrival and no handling fee, and can also be directly withdrawn to a bank card.

12. Operate anytime, anywhere with your mobile phone On July 1, 2013, the Yu'ebao function was launched on Alipay Wallet (i.e. Alipay mobile client), which means that users can operate Yu'ebao accounts on their mobile phones every day, buy, sell, and check earnings at any time. Compared with using it on a computer, Alipay Wallet currently supports free transfers to bank cards, with a maximum transfer of 50,000 yuan per day. In other words, after users transfer the money in Yu'ebao to Alipay balance, they can transfer it back to any bank card through Alipay Wallet without any handling fee.