Asia forum shows off China’s vigour as its neighbours come to pay homage
2015-04-01
The Trans-Pacific Partnership is just as likely to annoy America’s allies in region as reassure them
2015-04-01
Chinese e-commerce firm JD.com, Inc. has launched a crowdfunding platform to help finance, develop and promote the creation of start-ups in China, according to a company announcement. The new JD Equity Crowdfunding platform provides entrepreneurs access to a broad set of potential early-stage investors, as well as training and support options for companies throughout the […]
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2015-04-01
GO Scale Capital, an investment fund sponsored by China-focused GSR Ventures and U.S. private equity firm Oak Investment Partners, has agreed to acquire an 80.1% stake in Philips NV's LED lighting components and automotive lighting business, according to a company announcement. The deal, which is expected to be completed in the third quarter, values the […]
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2015-04-01
Iron ore and coffee lead the losers as oversupply and strong dollar hit prices
2015-04-01
The Asia Pacific hedge fund industry has reached US$145 billion in aggregate assets-under-management at the end of 2014, up 30% from US$112 billion a year ago. Hedge funds based in the region have also outperformed global peers, returning 11.91% on an annualized basis over the past three years, compared to 8.88% for global hedge funds, […]
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2015-04-01
China's official manufacturing purchasing managers index (PMI) edged up to 50.1 in March from 49.9 in February, against market consensus of 49.7, according to data released by China’s National Bureau of Statistics. "We believe that recent easing efforts by Chinese authorities should have helped stabilize the growth momentum somewhat. In addition to monetary and fiscal […]
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2015-04-01
Shanghai-based online education firm Zhan.com has completed US$29 million series B financing led by GGV Capital and Shunwei Capital, according to a company announcement. Officially launched in 2011, Zhan.com received tens of millions RMB in series A financing from undisclosed investors in 2013. Zhan.com focuses on providing training courses for students preparing entrance exams for […]
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2015-04-01
An investor consortium led by U.S. hedge fund Coatue Management LLC is to acquire a stake in a company that combines two leading Chinese taxi-hailing app makers, Didi Dache and Kuaidi Dache, for approximately US$600 million, according to media reports. The transaction values the combined company, which announced the merger in February and together takes […]
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2015-04-01
Concerns over US monetary policy help trigger first fall in two decades