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Market Rumors: Alibaba, BNP Paribas, Elementia

By Chelsea Naso ( September 23, 2014, 3:42 PM EDT) -- The finance arm of Alibaba Group Holding Ltd. is working to create a marketplace for 1 trillion yuan ($163 billion) of loans in as soon as two years as the e-commerce giant encourages more Chinese to borrow and lend, Bloomberg reported on Tuesday. The Zhao Cai Bao platform, which allows small businesses and individuals to borrow money from investors directly, has so far created a 14 billion yuan marketplace since it was created in April....

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