Taobao announced today that, according to the "Interim Measures for the Administration of Securities Investment Fund Sales Institutions Conducting Business through Third-party E-commerce Platforms," Taobao has received a letter of no objection from the CSRC (China Securities Regulatory Commission) and has become the first third-party e-commerce platform on the Internet to provide services and conduct business for fund sales institutions.
As a payment institution with a third-party fund payment license, Alipay will provide fund payment services, and Taobao's fund store is also expected to go online soon.
However, according to insiders from Alibaba, this license is not a true意义上的 sales license.