USEUROPEAFRICAASIA 中文双语Français
Home / Comment

CreditEase, US firm team up

By Cai Xiao | China Daily | Updated: 2015-04-11 07:59

CreditEase Corp, China's leading microcredit and wealth management company, said on Friday that it has inked an agreement with the Wellington Management, the global asset management company, to expand its global reach.

The two companies will set up a fund that will mainly invest in pre-IPOs (initial public offerings) of US companies. CreditEase customers will provide the capital for the fund, while US-based Wellington will manage the investments. Though CreditEase did not reveal the exact size of the fund, it said it would run into some "tens of millions of dollars".

"The strategic cooperation with Wellington Management is in line with market demand and our strategy," said Hou Lin, senior vice-president of CreditEase.

CreditEase, US firm team up

Today's Top News

Editor's picks

Most Viewed

Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US