Beijing’s decision to move an oil rig into disputed waters puts relations with its maritime neighbour on the rocks, prompting harsh words in Hanoi
Hedge funds investing in Greater China posted another month of disappointing losses of 2.27% in April. That compared with the broader Asia ex-Japan hedge funds' performance, which was down 0.70%, according to industry data tracker Eurekahedge. Globally, hedge funds were up 0.78% by the end of April, slightly ahead of the MSCI World Index, which […]
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There is only consensus around building national power – but little agreement over what to do with that power once achieved, either abroad or at home
Beijing-based enterprise software platform JinGoal.com has received around US$10 million series A funding from Tiger Management, according to media reports. The round is not publicly disclosed, and cannot be verified. JinGoal.com received RMB50 million (US$8 million) angel investment in 2012. The identity of the investor was not disclosed. Founded in 2005, JinGoal provides SAAS (Software-As-A-Service) […]
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Chinese central bank governor Zhou Xiaochuan says that Beijing won't initiate large-scale monetary stimulus now, according to remarks he made at the Tsinghua PBCSF Global Finance Forum held in Beijing on May 10, according to official Chinese media reports. "Short-term economic data doesn't give us enough (to analyze the situation), but we are paying great […]
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Beijing-based Chinese security software maker Cheetah Mobile Inc. has raised $168 million on the New York Stock Exchange at US$14 per share, within its previously announced range. The company sold 12.0 million American Depository Shares (ADS). It now has a fully diluted market cap of around US$2.1 billion. In late April, Chinese Internet search engine […]
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Chinese A-share companies' earnings enjoyed a turnaround in 2013, but it rapidly lost momentum by the first quarter this year. The headwinds facing the market will remain strong over the next few quarters at least, says a report by Bank of America Merrill Lynch Global Research. China's A-share non-financial companies' core earnings declining by 2.7% […]
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Alibaba's cloud computing subsidiary Aliyun announced that its Hong Kong data center will be formally put into today, May 12. Following those in Hangzhou, Qingdao, and Beijing, the Hong Kong data center becomes the company's fourth site. This new data center is jointly built and operated by Aliyun and Hong Kong Towngas Telecom. The network's […]