As you track the Emerging Money China Intenet Index (EMCHI), we highlight news from key component, Tencent.                     

Tencent_QQTencent (TCEHY, qoute) has followed Sina (SINA, quote) and Bidu (BIDU, quote) into the online financial services sector as they all unveil products similar to Alibaba's Yu'E Bao.  

Those who subscribe to Tencents WeChat can put money directly in the fund, which is run by Chinas largest mutual fund manager.  

This is a great way for Tencent to now have a link to their subscribers’ bank accounts and financial investment plans.sg2014012236359JUL-JAN

One Year Chart of the Emering Money China Internet Index EMCHI:

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