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. CreditEase is in the final stages of discussing equity partnerships with another four to five fund firms, after screening 40 foreign managers and 20 mainland players in the past 12 months, said Richard Willia…