Singapore's sovereign wealth fund Temasek Holdings exited its entire stake in New China Life Insurance (NCI) last week for a total of proceeds of US$276 million, according to media reports. It sold 78 million shares at HK$27.45 per share, representing a 5.5% discount to the Hong Kong-listed firm's closing price last Friday at HK$29.05. Goldman […]

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Beijing-based big data technology developer and service provider Baifendian Corporation has received US$25 million in series C financing, according to the company’s announcement. Details of the round's investors are not disclosed. Baifendian previously received US$10 million series B financing from Zhejiang Shinkansen Media Investment and IDG Capital Partners in July 2013. Two years before that, […]

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In the aftermath of recent attacks on synagogues in France, British and American media reports made comparisons to the Nazi era, with some even referring to a French Kristallnacht. Such hyperbole must be firmly rejected, for it offends the memory of th…

The creation of a new international development bank by Brazil, Russia, India, China, and South Africa – the so-called BRICS – is just the latest challenge to America’s global leadership. But, from an international business perspective, the US remains in a strong position.

As territorial frictions involving China and many of its neighbors persist in the East and South China Seas, the US needs a clearer regional strategy. America must simultaneously uphold its interests and alliance commitments and avoid counterproductive…

Israel is devoid of a convincing strategy. What it has is a series of improvisations aimed at securing the nation’s physical survival on as much land as the international community might allow.

Prime Minister Shinzo Abe’s makeover of Japanese foreign policy ranks among the most important recent global developments. But, the process must be very carefully managed by all concerned, including the US and Japan's other Asia-Pacific allies, lest it upset the fragile balance that holds the Sino-American rivalry in check.

Asia Pacific Investment House has successfully completed its first round of financing for an ultra-luxurious resort development in southern China. The resort development named HMB Avication in China reportedly raised its USD25 million target. Participants in the round were not announced. Having formed a strategic alliance with a leading helicopter manufacturer, granting them exclusive licensing […]

With a newly-minted IPO under its belt, Chinese e-commerce giant JD.com Inc. announced today that is now taking pre-orders for Microsoft's Xbox One gaming console. As part of an agreement between the companies, JD.com will have the exclusive right to accept pre-orders for Xbox One in China from July 28-30, 2014, through JD.com's Mobile QQ […]

A new Sino-foreign manufacturing joint venture aims to capitalize on the growth in the commercial vehicle clutch market. Power management company Eaton and Shaanxi Fast Gear Co. Ltd. signed a joint venture agreement to support the growing commercial vehicle clutch market in China. The formation of the joint venture is subject to regulatory approvals and […]

As China deepens financial reforms to allow the RMB exchange rate to be more flexible and provide growing liquidity, the pricing of onshore and offshore RMB markets will converge over the medium to long term, according to a research report by Deutsche Bank AG. In the first half of 2014, China has improved the offshore […]

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CEO Sir Andrew Witty has opened the possibility of the group being broken up in the future as he pushes through a sweeping overhaul of UK drugmaker

Chinese search engine company Baidu announced in Tianjin that the company's developer start-up center in the city has been formally established. This is Baidu's newest regional start-up center following those already operational in Chengdu and Xiamen. This new Tianjin Baidu developer start-up center is located in Hongqiao district. With an office area of over 3,000 […]

Stroll through a local market in China and there is little sign of quality control or hygiene while dishes are washed in cold water with little soap

Beijing gives an air of invincibility in the debate over its might but seems on the brink of implosion in the one about the fragility of its economy