The fact that so many western nations have joined the AIIB could rein in Beijing’s foreign policy

Shanghai-listed Hubei Kaile Science And Technology has acquired mobile Internet service provider Shanghai Vanzo Communication Technology, which is backed by China-focused private equity firm Spring Capital, for approximately RMB860 million (US$140 million), according to a securities filing. It is unclear when Spring capital Asia Fund GP, Ltd. made the investment in Vanzo. Spring Capital, with […]

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Chinese P2P (peer to peer) lending platform Wanglibao has raised US$40 million series B financing from Shenzhen-listed Hongli Opto-Electronic Co., Ltd., according to Chinese media reports. Launched in August 2014, Wanglibao previously received US$10 millions series A funding from IDG Capital Partners in February 2014. As of March 31, 2015, Wanglibao has accumulated over 250,000 […]

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Sotheby’s kicks off spring auctions by reeling $368m

Beijing-based online designated driver reservation services provider eDaijia has received US$100 million series D financing led by private equity firm Warburg Pincus, LLC, according to a company announcement. Existing investors Matrix Partners and Lightspeed Venture Partners also participated in the round, which values the technology start-up at US$800 million. The round follows a US$25 million […]

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CITIC Capital Holdings Limited has completed the acquisition of Mark Styler Co., Ltd., a Japan-based women's apparels maker, according to a company announcement. Specific deal terms were not disclosed. Mark Styler operates over 170 direct stores at major shopping centers across Japan. It also promotes its brands via e-commerce platforms. CITIC Capital will help Mark […]

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Japanese fast fashion brand Uniqlo will soon start selling shoes in America, South Korea, and China. According to reports in Chinese local media, the company will only provide two types of shoes as a starter and each type will have five color options. Those products will be first available in America, South Korea, and China. […]

Qualcomm is enhancing its relationship with Chinese businesses by launching a new unit to help Chinese smartphone manufacturers sell products in overseas markets. About half of Qualcomm's revenue is reportedly from Chinese clients; however, the company still faces a series of challenges in the country. Prior to this, Qualcomm was punished for having monopoly in […]

Beijing’s long-term economic task is simply to produce more from less