(Bloomberg) -- Yunfeng Financial Group Ltd., the financial services company backed by Alibaba-billionaire Jack Ma, has created a robo-advisor application to manage the wealth of regular Chinese and Hong Kong investors, a segment traditionally neglected by banks and financial institutions.

The service -- called Youyu -- targets anyone who has a bank account in Hong Kong with at least $800 to invest. Yunfeng expects to attract tens of thousands of investors by the end of this year, Chief Executive Officer Li Ting said in an interview in Hong Kong.

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