Fidelity Growth Partners, the venture capital and private equity arm of Fidelity Worldwide Investment, says it has agreed to invest RMB62.5 million (US$10 million) in Beijing-based ophthalmology products firm Eye Bright Medical Technology Co., Ltd., according to Chinese media reports. Two entities under Fidelity Growth Partners, Fidelity Growth Partners Asia and Fidelity Biosciences, will make […]

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Beijing and Moscow are pushing for a reordering of world affairs based on ‘spheres of influence’

Western Australia-based uranium production company Paladin Energy Ltd. says it plans to raise a total of US$177 million in a private placement deal, including a capital injection of US$52 million from a unit of Chinese private equity firm Hopu Investment Management Co., according to a company announcement. Hopu Clean Energy (Singapore) Pte. Ltd. will subscribe […]

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Smog-escaping tours are a serious pursuit

Race to close bets against cyclicals begins

Chinese telecom device maker Huawei will reportedly build a research and development center in South Korea. According to reports in South Korean local media, this move aims to more effectively enter the South Korean domestic market and acquire technologies related to smartphones in South Korea. Kevin Ho, Huawei's president of the terminal mobile product line, […]

China's decision to cut interest rate last Friday after market close will only have short-term sentiment boost to the market, and its effect will last no more than a few days, says a research report by BofA Merrill Lynch Global Research. The timing of an interest rate cut is earlier than anticipated. It is likely […]

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Hangzhou-based Chinese financial software company Hundsun Technologies Inc. says it has signed an agreement with three strategic investors to inject RMB390 million (US$63.5 million) into one of its subsidiaries, with the hope to develop it into a leading financial data services firm in China, according to a securities filing. The three investors include financial media […]

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Shenzhen-based Chinese nuclear power plant operator CGN Power Co. Ltd., the largest in the country, is raising up to US$3.16 billion in an IPO in Hong Kong today, according to media reports. CGN Power initially filed with the Hong Kong Stock Exchange in August. It is currently taking orders from investors, and plans to issue […]

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Hebei Coastal Industry Investment fund, jointly established by Hebei Construction & Investment Group Co., Ltd. and a number of private Chinese enterprises, has been launched officially with a fundraising target of RMB20 billion (US$3.3 billion), according to Chinese media reports. Approved by China's National Development and Reform Commission, the fund has obtained business license to […]

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The market for Chinese Real Estate Investment Trusts (REITs) is unlikely to develop significantly in the short to medium-term, even if regulations are loosened, says a Fitch Ratings report. This is because many of China's investment properties are of poor quality with low rental yields of less than 4%, which would be offset by high […]

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The Public Safety Personnel Retirement System of the State of Arizona (Arizona PSPRS) has committed up to US$40 million to Shanghai-based venture capital and private equity firm Trustbridge Partners’ fifth China-focused fund, according to media reports. In 2011, Arizona PSPRS committed US$30 million to Trustbridge's fourth fund. Founded in 2007 by Li Shujun, former executive […]

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Armani Group is cooperating with Macau Rainbow Group in the opening of a new Giorgio Armani store in Chengdu, Sichuan. This outlet is the first Giorgio Armani store in the city. Located near the Chengdu International Finance Square, this new Giorgio Armani store has an area of over 600 square meters, providing men's and women's […]

Chinese classified information website 58.com announced the launch of a new housekeeping service brand named "58 Daojia" and appointed Chen Xiaohua, chief strategy officer of 58.com, as chief executive officer of "58 Daojia". 58 Daojia provides location-based service booking, on-site services, and online payment and reviews. This project was initially launched in July 2014. Currently, […]