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CreditEase to buy stakes in up to five fund firms

The Beijing-based wealth manager and peer-to-peer lender plans to buy holdings in up to five more investment houses and launch two private funds through existing partnerships.
CreditEase to buy stakes in up to five fund firms

CreditEase, a Chinese peer-to-peer lending platform and wealth manager, is to take equity stakes in up to five more early-stage asset managers, as it seeks to build out its investment and wealth business. It is also planning to launch two private funds with existing partners.

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