Shanghai-based online headhunting platform HunterOn.com has received US$20 million series B financing led by Sequoia Capital, according to Chinese media reports. Existing investor IDG Capital also participated. Founded in 2012, HunterOn.com received around US$10 million series A financing from IDG Capital and China Growth Capital in April this year. HunterOn.com provides a platform connecting recruiters […]

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Hong Kong-based mobile app maker GoGoVan has received US$10 million series B financing from Chinese social network platform the Renren Network, according to media reports. Renren took around 10% in GoGoVan, a mobile app connecting van drivers and users. GoGoVan says it will use the proceeds to expand into other countries in Asia. Launched in […]

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Australian Securities Exchange-listed industrial property and business space firm the Goodman Group and the Canada Pension Plan Investment Board (CPPIB) say the two will increase their equity allocation to their joint venture by US$500 million, according to a joint announcement. The joint venture, named Goodman China Logistics Holding, was formed in 2009 with an initial […]

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It is starting to look like a pattern: After painstaking talks, the parties in the Ukraine conflict come to an agreement – only to have it fall apart or fail to be fully implemented. And confidence-building efforts aimed at resolving other post-Soviet conflicts do not offer much room for hope.

Increasing online competition in the financal sector is shaking up traditionally staid business models around the world

CRCC to build 1,400km of railway in biggest Chinese overseas contract

Rating agency’s analysis suggests central government may face a struggle in its efforts to develop a municipal bond market

The world's third largest smart phone maker Xiaomi Inc., backed by venture and private equity investors, says it has invested RMB1.8 billion (US$290 million) in Chinese video site iQiyi.com Inc, according to Xiaomi's official Weibo account. Shunwei Capital, a US$200 million China-focused venture capital fund founded by Xiaomi's founder Lei Jun in 2011, also participated […]

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Los Angeles-headquartered corporate and distressed debt investment firm Oaktree Capital Group has hired an investment bank to begin a sale process to exit its investment in Taiwan's golf club head maker Fusheng Group, according to media reports. A representative of Oaktree did not respond to inquiries to confirm the news. Back in 2007, Oaktree joined […]

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Los Angeles-headquartered corporate and distressed debt investment firm Oaktree Capital Group has hired an investment bank to begin a sale process to exit its investment in Taiwan's golf club head maker Fusheng Group, according to media reports. A representative of Oaktree did not respond to inquiries to confirm the news. Back in 2007, Oaktree joined […]

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China's State Council announced another ten measures to tackle the problem of high financing costs after its regular Wednesday meeting yesterday. While these measures will help ease the problem, more major easing policies are needed to support the country's growth, says a research report by Nomura Holdings, Inc. Some of the more important measures include […]

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China's November HSBC flash manufacturing purchasing managers’ Index (PMI) came in at 50, slightly lower than October's 50.4 and reaching a six-month low, according to data released by HSBC Group. The flash China manufacturing output index was 49.5 in November, down from 50.7 in October, and also reaching a seven-month low. "New export order growth […]

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While Chinese shoppers have always been able to buy many goods from Amazon.com and ship them into China, a new program by the company will handle tariffs and localization of product descriptions to smooth the user experience. Amazon.cn announced that its Chinese-language international shopping store started trial operation on November 11, 2014. That day was […]

Chinese telecom device maker Huawei promised that they will provide EUR5 million, which is about USD6.3 million, to the 5G innovation center of University of Surrey, aiming to promote research and testing of next-generation data transmission standards. The goal of the 5G innovation center of University of Surrey is to implement 5G technology application testing […]