IDG Capital and JAFCO Asia have made partial exits from Beijing-based IT training services provider Tarena International as the company raised $137.7 million through an IPO on the NASDAQ, according to a regulatory filing of Terana. Tarena filed last month to raise as much as $100 million. The company ended up selling 15.3 million American […]

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Huang Xingguo has risen from cashier to middle-management to union leader after opposing one of the world’s largest companies’ restructuring plans

Nanjing, Jiangsu province-based Chinese travel and tour service provider Tuniu Corporation has filed for a U.S. initial public offering (IPO), seeking to raise as much as $120 million, according to a filing with the U.S. securities regulator. The size and pricing of the offering are yet to be determined, and Tiniu has not decided which […]

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The author is ANZ Research Asia’s economy already accounts for a quarter of global economic output, up from 17% two decades ago. ANZ expects Asia’s share to rise to 35% in 2030 and to be over half the world economy by 2050. The U.S. and Europe, which currently account for around half the world’s economic […]

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Shenzhen-based video service provider Xunlei Networking Technologies has completed new round of financing, raising a total of $310 million, according to Chinese media reports. Beijing-based mobile Internet company Xiaomi Inc. led the round, investing $200 million. Beijing-based software company Kingsoft, existing investor Morningside Ventures and IDG Capital also participated, committing a total of $110 million. […]

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Tony Abbott’s pledge to sign deals with Japan, South Korea and China will be tested as he leads Australia’s largest ever trade mission to the region

Twenty years ago this week, the most brutally efficient killing spree in history started in Rwanda. How should we remember the genocide today, and how should we prevent the tragedy that played out on Rwandan soil from happening again, anywhere in the w…

Chinese food and beverage company Master Kong plans to invest nearly CNY2.5 billion to purchase the entire stake in WealthCity from Wei Yingjiao, a major shareholder and executive director of the company, to build an additional operating center in Shanghai. The new headquarters aims to enhance the image of the group, improve efficiency, and promote […]

Shanda Media, the controlling shareholder of Ku6, will sell a 41% stake in this Internet video company to Xu Xudong, founder and controlling shareholder of Sky Profit. Sky Profit is registered in Cayman Islands and it operates iSpeak, a social platform that allows users to engage in real-time online group activities through voice, text and […]