Heilongjiang province-based Jintian Pharmaceutical Group is planning an IPO in Hong Kong to raise a maximum of $273 million, according to a company filing. In October 2011, CVC Capital Partners invested $84.1 million to acquire a 24.24% stake in the Chinese pharmaceutical retailer and distributor in Northeast China, then named Asia Health Century International (AHCI). […]

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Beijing’s crackdown on exuberant personal spending and gift-giving by officials is likely to hit the luxury industry’s double-digit growth

From January to September 2013, Beijing's Internet retail sales reached CNY63.73 billion, exceeding the retail sales of traditional department stores, and the sales accounted for over 10% of the total retail sales in Beijing for eight consecutive months, according to Lin Ya, secretary general of Beijing Electronic Commerce Association. Lin said that compared with traditional […]

The visit brings to close 18 months of agonising diplomacy to repair a rift caused by
David Cameron’s decision to meet the Dalai Lama