Edaixi, an O2O (online-to-offline) laundry services mobile app developed by Beijing-based laundry brand Rong Chang, has received over US$20 million series A financing from Matrix Partners and SIG China, according to Chinese media reports. The proceeds will be used to upgrade its services and build up its team. The company is also reportedly planning to […]

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In this episode of China Money Podcast, guest Howard Marks, co-founder and chairman of US$93 billion-under-management Oaktree Capital Management, talks to our host Nina Xiang in an exclusive interview in Hong Kong. Marks, the author of "The Most Important Thing" and whose investment memos have a large following among professional investors, and shared his views […]

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Iraq’s armed forces have become unable and unwilling to fight, owing to corruption, sectarian patronage, and inexperience. Viewing the situation from the ground, local militias must be able to defend themselves against rivals or criminal gangs, with the central government providing more advanced security assets.

Plan to loosen restrictions comes amid expansion of Chinese interests abroad

Survey shows sharp drop in business activity in first month of demonstrations

Renminbi surge against euro and yen may feed China worries about competitiveness

Tokyo calls for action to halt illegal harvesting of the valuable marine resource in Japanese waters

Beijing-based Chinese private equity firm Hony Capital is close to acquiring a 93.2% stake of Chinese restaurant chain Chongqing Cygnet Hotpot for an undisclosed amount, according to a statement posted on the official website of China's Ministry of Commerce. Hony Capital, the private equity arm of Legend Holdings Corporation, is making the investment via its […]

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The momentum behind the globalization of private equity is stunningly strong. Sovereign wealth funds from countries outside the U.S. is now the second most significant investors in private equity, after public pension funds, according to a report issued by Palico, an online community for the global private equity industry. Non-U.S. sovereign wealth funds have seen […]

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Qatar Investment Authority (QIA), Qatar's sovereign wealth fund, says it has signed a memorandum of understanding with Chinese state-owned investment company The CITIC Group to establish a US$10 billion fund to invest in the region, according to an official statement. His Excellency Ahmad Al-Sayed, CEO of QIA, made the announcement at the opening of the […]

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Shenzhen-listed Chinese drug maker Shenzhen Hepalink Pharmaceutical Co., Ltd. has agreed to commit US$22 million to TPG Capital's biotech fund, TPG Biotechnology Partners IV, L.P., according to a regulatory filing. TPG Biotechnology Partners IV, L.P. had US$89.6 million of capital before the investment, and had invested in four companies as of June 30, 2014, says […]

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Beijing-based Chinese crowd-sourcing express service platform Renren Express has completed US$15 million series A financing led by Tencent Holdings Limited and Banyan Capital, according to an announcement released on the company's official Weibo account. The company says that the proceeds will mainly be used to build up its team and improve operations. Founded in May […]

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