As many as 50,000 Ukrainians and Russians may have died so far in Russia's war against Ukraine, with almost two million expelled from their homes. Yet the leaders of the democratic West refer to Russia's aggression on the territory of a foreign state …

Beijing-based online car rental and sharing platform Uuzuche.com has received US$10 million series A+ financing from New York Stock Exchange-listed Chinese auto information and marketing web portal Bitauto Holdings Ltd., according to an announcement on the company's Weibo account. In January, Bitaoto itself just received US$1.55 billion investment from JD.com, Inc. and Tencent Holdings Ltd., […]

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Shenzhen-based property consulting firm WorldUnion has agreed to lead a RMB420 million (US$68 million) series A financing in Shenzhen-based online property listing platform Qfang.com, according to a securities filing. WorldUnion is to acquire a 15% stake of Qfang.com after the completion of the financing, which is still pending board approvals. As of July 2014, Qfang.com […]

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Officials praise AIIB ‘application’ amid some voices of scorn

Hanergy chief says detentions lead to unpaid debts and business failures

Central bank quietly limits lenders’ leeway on deposits days after moving in the opposite direction

UK government approach is driven by hunger for investment

Alibaba's cloud computing service Aliyun announced that its data center in Silicon Valley has started trial operation and is providing cloud services to users in North America and around the world. This is reportedly Aliyun's sixth data center, following those opened in Hangzhou, Qingdao, Beijing, Hong Kong, and Shenzhen. It also means that Aliyun will […]

Rising debt levels threaten both financial and economic stability, writes George Magnus

Washington ‘not consulted’ as Britain decides to join World Bank rival