China's Alibaba to launch online fund sales service: media

BEIJING (Reuters) - Alibaba Group Holdings has secured approval from the China Securities Regulatory Commission (CSRC) to act as a third party for the online sale of fund products, local media group Caixin reported on its website.

from Reuters: Business News http://feeds.reuters.com/~r/reuters/businessNews/~3/23sTPt1mZmY/story01.htm