Baidu gets China fund distribution licence

China’s financial regulator has given internet giant Baidu Inc. formal go-ahead to launch a mutual fund distribution business, making the company the last of the four Mainland technology giants to enter the lucrative market. But it’s unclear whether Baidu will be able to start the business this year as it has to complete unspecified preparatory work and apply for two other … http://bit.ly/2LzxX6j

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