The scale of challenge is exposed by a skirmish in a remote village that left eight dead
2014-10-23
The leaders of Facebook and Apple were in China this past week on separate missions with the same goal: gain better transparency and more access to the Chinese market. Facebook's Mark Zuckerberg was in Beijing for an event at a local university, and Apple's Tim Cook met with Chinese Vice Premier Ma Kai to review […]
2014-10-23
Hong Kong-based food conglomerate Tsit Wing International Holdings Limited says that Mitsui & Co., Ltd. has acquired less than 20% stake for JPY2.2 billion (US$20.6 million) to become a strategic investor of the company, according to a company announcement. Mitsui & Co., a Japanese general trading companies and part of the Mitsui Group, bought the […]
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2014-10-23
Beijing-based online English language education firm 51Talk says it has received US$55 million series C financing led by Sequoia Capital, according to a statement posted on its official Weibo account. Existing investors Shunwei Capital and DCM also participated. Founded in 2011, 51Talk received angel investment from Chinese angel investor Xu Xiaoping that year. A year […]
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2014-10-23
Beijing-based mobile e-commerce platform KouDai has received US$350 million series C round of financing led by Chinese Internet giant Tencent Holdings Limited, according to a statement posted on the company's official Weibo account. Tencent invested US$145 million in the round. In return, Tencent reportedly received around 10% of the company, but this information cannot be […]
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2014-10-23
Global private equity firm The Blackstone Group has raised over US$4.4 billion for its first Asian real estate fund, according to a securities filing submitted to the U.S. Securities and Exchange Commission on October 21. The fund, named Blackstone Real Estate Partners Asia L.P., was launched in April 2013. It has a hard cap of […]
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2014-10-23
China's HSBC flash PMI edged up to 50.4 in October from 50.2 in September, slightly strong than market expectation of 50.2. This signals that growth momentum has only succeeded in stabilizing, but more policy easing is needed to achieve growth target, says a research report issued by Nomura. The index' components are not as encouraging […]
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2014-10-23
Global private equity firm Advent International says it has hired Dr. Yu Dahai as an operating partner in the chemicals sectors, according to a company announcement. Dr. Yu will advise and work closely with Advent’s chemicals team to help source new investment opportunities globally, including China. He will also support Advent’s global chemicals assets post-investment. […]
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2014-10-23
Salisbury, U.K.-based molecular diagnostic testing firm Enigma Diagnostics Ltd. says that Sailing Capital Management has agreed to invest US$50 million to help support the British company's global expansion, according to a company announcement. Sailing Capital is an investment firm controlled by Shanghai International Group (SIG). Last December, it launched a RMB5 billion buyout fund to […]
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2014-10-23
Herzeliya, Israel-based venture capital fund Carmel Ventures says it has reached a US$197 million final closing of its latest fund, Carmel Ventures IV, according to a company announcement. Several Asian strategic investors including Baidu Inc., Ping An Insurance Company of China, Ltd., and Qihoo 360 Technology Co. Ltd. have invested in the fund as limited […]
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2014-10-23
China International Capital Corporation (CICC) says that Jin Liqun has resigned from the position of chairman and member of CICC’s board of directors, according to an emailed company statement. Ding Xuedong, chairman and CEO of China Investment Corporation (CIC), has been appointed as CICC’s new chairman and member of the board of directors. The news […]
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2014-10-23
Kicking its debt addiction will be convulsive for Beijing and the world
2014-10-23
Only 20 countries sign up for new institution after US lobbying