Difference between revisions of "Group08 Proposal"
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<h2><span lang=EN-GB>40 Thieves Members</span></h2> | <h2><span lang=EN-GB>40 Thieves Members</span></h2> | ||
| − | ¥ Wong Yam Yip | + | ¥ [https://www.linkedin.com/in/nic-wong-1412434a/ Wong Yam Yip] <br> |
| + | ¥ [https://www.linkedin.com/in/wu-jinglong-08220364/ Wu Jinglong] <br> | ||
| + | ¥ [https://www.linkedin.com/in/chenxisong/ Song Chenxi] <br> | ||
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| + | <h2><span lang=EN-GB>Abstract</span></h2> | ||
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| + | [http://yuebao.thfund.com.cn/ Yu’e Bao (余额宝)] is an investment product offered by [https://www.alipay.com/ Alipay (支付宝)], a mobile and online payment platform established by China’s multinational conglomerate Alibaba Group. In June 2013, Alibaba Group launched Yu’e Bao, in collaboration with [http://www.thfund.com.cn/en/index.html Tianhong Asset Management Co., Ltd.], to form the first internet fund in China. Since then, Yu’e Bao has become the nation’s largest money market fund and, by Feb 2018, has [https://yourstory.com/2018/08/alibaba-yue-bao-unearthed-hidden-treasure-from-digital-wallets/ US$251 billion] under its management. In Chinese, Yu’e Bao represents “Leftover Treasure”. Alipay users can deposit their extra cash, for example, leftover from online shopping, into this investment product. The money will be invested via a money market fund with no minimum amount or exit charges, with interest paid on a daily basis. While major banks offer 0.35% annual interest on deposits, Yu’e Bao may offers user 6% interest with the convenience and freedom to deposit and withdraw anytime via Alipay mobile app. Thus, Yu’e Bao became extremely popular in China. | ||
| + | <br><br> | ||
| + | Using various data visualization methodologies, coupled with analysis of survival and time-series, this project aims to build an interactive tool on R Shiny framework, to unearth the underlying treasures of associations between Yu’e Bao’s user profile, behaviour, time and other financial factors. | ||
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| + | <h2><span lang=EN-GB>Dataset</span></h2> | ||
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| + | <p class=MsoNormal><span lang=EN-GB> </span></p> | ||
Revision as of 03:38, 21 November 2018
Visualizing the Future of Crowd Funding with 余额宝
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40 Thieves Members
¥ Wong Yam Yip
¥ Wu Jinglong
¥ Song Chenxi
Abstract
Yu’e Bao (余额宝) is an investment product offered by Alipay (支付宝), a mobile and online payment platform established by China’s multinational conglomerate Alibaba Group. In June 2013, Alibaba Group launched Yu’e Bao, in collaboration with Tianhong Asset Management Co., Ltd., to form the first internet fund in China. Since then, Yu’e Bao has become the nation’s largest money market fund and, by Feb 2018, has US$251 billion under its management. In Chinese, Yu’e Bao represents “Leftover Treasure”. Alipay users can deposit their extra cash, for example, leftover from online shopping, into this investment product. The money will be invested via a money market fund with no minimum amount or exit charges, with interest paid on a daily basis. While major banks offer 0.35% annual interest on deposits, Yu’e Bao may offers user 6% interest with the convenience and freedom to deposit and withdraw anytime via Alipay mobile app. Thus, Yu’e Bao became extremely popular in China.
Using various data visualization methodologies, coupled with analysis of survival and time-series, this project aims to build an interactive tool on R Shiny framework, to unearth the underlying treasures of associations between Yu’e Bao’s user profile, behaviour, time and other financial factors.
Dataset
