58.com Inc., which in April agreed to acquire 43.2% of rival Ganji.com for US$1.6 billion, says it plans to spin off a consumer-to-consumer (C2C) used car trading platform, Guazi.com Inc., according to a company announcement. Yang Haoyong, a co-founder of Ganji.com and co-chairman of the merged company, has agreed to invest an undisclosed amount to […]

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Shanghai Lujiazui International Financial Asset Exchange (Lufax), an online financial services start-up launched by Ping An Insurance Company of China, Ltd., has agreed to partner with nearly 30 major private investment fund houses to help distribute their products online, according to Chinese media reports. The managers include Shanghai Chongyang Investment, DH Fund Management, China Future […]

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Chinese e-commerce platform JD.com is reportedly seeking to invest US$150 million and gain control in venture-backed Douban, a Chinese social network site tailored to films, books, music and local events. The move signals JD.com's ambitions to expand further in the books, music and entertainment categories after launching its own books division in 2010. Based on […]

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Here's the job announcement: http://www.usito.org/usito-seeks-candidates-managing-director.