Caixin
Feb 27, 2014 06:51 PM

Closer Look: So Who Stops a Run on Yu E Bao Accounts?

(Beijing) – Yu E Bao has encountered little criticism since it was launched in June, but recent remarks by a CCTV commentator, who compared it to a vampire sucking blood out of banks, were met with a strong backlash. This ranged from a reasonable rebuttal to name-calling.

What should have been a chance to rationally review the Internet investment product offered by the online payment company Alipay has been wasted. Most of the people who have critical views of Yu E Bao are keeping their thoughts to themselves, but more than one voice should be heard.

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