Beijing-based Qunar, an online travel search and services firm controlled by Baidu Inc., is to announce a merger with rival Ctrip.com International Ltd., according to Chinese media reports. The news of the two parties' merger talks were first reported in April. Details of the transaction will be announced later today, says the reports. If announced, […]

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Chinese conglomerate the Fosun Group has established an Internet finance arm providing P2P (peer-to-peer) lending and other wealth management products online, according to news articles posted on the new web platform. The move marks Fosun's entry into the crowded world of P2P and Internet Finance start-ups in China, where at least dozens of newly established […]

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New York-based investment manager Carret Asset Management, LLC has appointed Kenneth Ho as managing partner of Carret Private Ltd., the company's newly established international business arm in Hong Kong. In this new role, Ho is responsible for building multi-family office activities in the Asian region for Carret, says a company announcement. Before joining Carret, Ho […]

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Shanghai-based cross-border e-commerce platform Bolome has completed US$30 million series B round of financing from Baidu Inc., LB Investment, Chengwei Ventures and other investors, according to Chinese media reports. Founded in February, the eight-month-old start-up has raised US$43 million in total, and is currently valued at US$200 million, says the reports. Baidu is investing as […]

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