Yu Bao and Yu Libao are both wealth management products launched by Ant Group, a Chinese internet finance company, but they have some differences in some aspects:
Target Clients:
Yue Bao is mainly for individual users, and can be used by users who have registered an Alipay account.
Yu Libao is mainly for individuals, small and micro enterprises, merchants and other users, and serves a wider range of users.
Issuer:
Yu'e Bao is a current fund management service jointly launched by Ant Gold Consumer Finance and Money**.
Yu Libao is a service launched by MYbank and Money**.
Credit:
The limit of Yu'e Bao's daily transfer and quick arrival is 10,000 yuan.
Yu Libao can be upgraded to a maximum of 2 million yuan of quick transfer quota.
Convenience:
Yue Bao is relatively more convenient, and you can directly transfer money and shop online through Alipay.
Yu Libao can only transfer money and shop after withdrawing cash to a bank card, which is less convenient.
Withdrawal Limit:
Yu'e Bao only has a free quota of 20,000 yuan for the same subject for life, and the excess amount is 01% service charge applies.
The free withdrawal amount of Yu Libao is 100,000 yuan.
Loan Interest:
Yue Bao is a currency**, and the income is relatively stable.
Yu Libao's return is slightly higher than that of Yu Bao because it mainly invests in relatively risky assets.
Larger amounts:
There are restrictions on the transfer of large amounts of Yue Bao.
There is no restriction on Yu Libao's large transfer.
Such comparisons can help investors choose the right financial products for them according to their personal needs and preferences. It should be noted that the features and regulations of wealth management products may change over time, and investors are advised to refer to the latest product descriptions and terms when making decisions.