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Alibaba now 3rd largest money market fund in the world

It took less than a month for Chinese ecommerce leader, Alibaba's money market fund to grow larger th
May 29 · Issue #34 · View online
Tearsheet Weekly Newsletter
It took less than a month for Chinese ecommerce leader, Alibaba’s money market fund to grow larger than the average US fund. Now, after a year, it’s grown so much that it would rival the 3rd largest  US MM fund. The power of a big tech firm moving laterally into financial services is transformative – that’s why the biggest competition to some core banking functionality and services will come from the Apples, Googles, and Amazons (and, yeah, Alibabas).
– Zack Miller, Editor-in-Chief, Tradestreaming

The Incumbents
How Wells Fargo launched online loans in 9 months
Walmart Pay and the overcrowding of the mobile payment market
The foolish fantasies of fintech/bank partnerships
The Startups: Who's shaking things up
Top 10 fintech startups vying to be your next bank
Top bond trading startups
Alibaba's mm fund growth
Alibaba now 3rd largest money market fund in the world
Insurance Startups: A map of the ecosystem
A Double-Edged Sword: Prosper increases rates to attract lenders
Benzinga announces its 2016 fintech award winners
Forget about the wrongs, what have non-bank lenders done RIGHT?
LendingClub's unlikely knight: China's Shanda Interactive
Another online lender, Avant, announces layoffs, shelves expansion
Startups raising/Investors investing
Raining on the fintech parade: What does fintech investing look like without Asia?
[podcast] Susquehanna Growth Equities’ Amir Goldman on investing in fintech
[podcast] Investing in growth-stage fintech with Long Ridge’s Kevin Bhatt
Clover Health scores $160m to boost insurance tech
Roboadvisor SigFig raises $40m from UBS, Eaton Vance
Mexican lending platform Konfio raises $8m
Southeast Asia financial comparison startup Jirnexu lands $3m
Tools of the trade
Is India’s ATM shortage actually its first step towards a cashless society?
Marketing, data, and user behavior
Tradestreaming’s list of top resources about the marketplace lending industry
Why fintech influencers don’t pay to play
Coinbase leadership: Ethereum -- not Bitcoin -- is the forefront of digital currency
"One Click" for Ads: When is Facebook launching its own payments?
In wake of LendingClub, online lender, Upstart creates Framework of Trust
Dear fintech firms, advertising standards are a thing. Thanks, the FCA
Goldman: Blockchain tech could save cash equities market $6b/yr
New financial products
Goldman Sachs and Motif Capital to launch thematic indices in structured investments
What we're reading
The Don’t Ask, Don’t Tell Guide to Trading on Inside Information
How will marketplace lending become a mainstream investment asset class?
Investing: A random talk with Malkiel
Here's where Jamie Dimon and I disagree
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