Ant Group's money market fund Yu'e Bao shrinks one-fifth in Q2

Ant Group's money market fund Yu'e Bao shrinks one-fifth in Q2

Ant Group's Hangzhou Headquarters. Source: Ant Group

Ant Group‘s money market fund Yu’e Bao shrank nearly 20% in size in the second quarter, according to Tianhong Asset Management Co Ltd, which manages the fund.