Emerging markets offer contrasting tale to pessimism in rich countries

The unexpected visit of three top North Korean leaders to the closing ceremony of the Asian Games in Incheon last week, stole the show from the athletes. But what, exactly, is the North trying to achieve with its latest diplomatic offensive?

Commercial influence in the continent is growing despite overtures from the US, Europe and Japan

Shanghai-based financial service provider DianRong has received series B round of financing from Hong Kong-based financial services firm Sun Hung Kai & Co. Limited, according to a company announcement. The specific investment amount and other details of the round were not disclosed. Media reports say that it may be around US$10 million. The venture round […]

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Beijing-based private equity and venture capital firm CDH Investments has agreed to acquire 79% of Chinese battery maker Fujian Nanping Nanfu Battery Co. from Procter & Gamble, according to media reports. Deal terms were not disclosed. Procter & Gamble acquired the Chinese battery maker as part of its acquisition of Gillette in 2005. Gillette reportedly […]

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Entrepreneurs rely on family support to scale the economic ladder

Investments flow in, but personal sacrifice and family networks are pivotal to success

Beijing-based technology outsourcing company Pactera Technology International Ltd., which was privatized by a consortium led by The Blackstone Group in March, says that Balaji Yellavalli has been appointed as president and chief operating officer (COO) of Pactera's North American business, according to a company announcement. This is the first senior management appointment after the privatization […]

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Devolution is coming to the United Kingdom and other countries, and its appeal is undeniable. But it is important to know where devolution ends and dysfunction begins.

Beijing-based Chinese private equity firm Hony Capital has invested in Shanghai Yangsi Hospital, a private general hospital located in the Pudong district of Shanghai, according to Chinese media reports. Deal terms were not disclosed. Hony Capital has previously invested in Chinese generic drugs maker CSPC Pharmaceutical Group Limited and Consun Pharmaceutical Group Limited. Both have […]

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Pan-democrats will also consider launching impeachment proceedings

Beijing-based Chinese smart phone maker Xiaomi Inc. has agreed to invest RMB84 million (US$14 million) in Shenzhen-based GPS (Global Positioning System) mapping technology firm Careland Information System, according to a company announcement. Xiaomi is to subscribe to seven million shares at RMB12 apiece. Careland was listed on the Growth Enterprises Market in Shenzhen in 2012. […]

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Start-up claims that oil giant locked it out of the market