As huge numbers of refugees arrive in Europe, those who advocated for regime change in Syria four years ago should reflect seriously on their choice. Instead of criticizing countries like Hungary and Serbia, which played no part in inciting Syria's civ…

The West cannot or will not absorb refugees in the numbers needed, and it has no solution to the problem of failed states. This means that, apart from doling out humanitarian aid to those in refugee camps, it has no policy at all.

The flash Caixin/Markit China Manufacturing Purchasing Managers' Index (PMI) declined further to 47 in August, down from the final reading of 47.3 from August and contrasted with market expectations of a slight improvement. The reading is again the lowest since the onset of the global financial crisis of 2009. "The continued fall does renew uncertainties […]

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Dividend policy change highlights asset skew

Critics say groups took advantage of sanctions-hit Islamic republic

Beijing-based online community services O2O (online-to-office) platform Beequick has completed US$70 million series C round of financing from Hillhouse Capital, Tiantu Capital and Sequoia Capital. The latest financing round came six months after the start-up's US$20 million series B round led by Hillhouse Capital announced in March. The company says it plans to use the […]

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PMI data come as Xi pledges not to devalue renminbi to boost exports

Shenzhen-based fresh fruit chain Pagoda has completed RMB400 million (US$63 million) series A round of financing led by Tiantu Capital. GF Xinde Investment Management and other undisclosed investors also participated, according to an announcement posted on the company's Weibo account. Founded in 2002, Pagoda currently operates 1,100 chain stores in 19 cities in China with […]

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Chinese president makes pledges on hackers, currency, reforms and growth

U.S. Internet performance and security firm CloudFlare has raised US$110 million in a new funding round led by Fidelity Management and Research Company, with participation from Google Capital, Microsoft Corp, Baidu Inc., and Qualcomm Ventures. Existing investors New Enterprise Associates, Pelion Venture Partners, Venrock, Union Square Ventures, and Greenspring also participated, says a company announcement. […]

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Shanghai Jinjiang International Hotels Development Co. has agreed to acquire 81% of 7 Days Group Holdings Ltd., allowing its private equity backers to exit two years after the budget hotel chain completed a go-private transaction and was delisted from the New York Stock Exchange. In a regulatory filing, Jinjiang International says it will pay RMB8.3 […]

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Avery Dennison Performance Tapes has increased its Kunshan manufacturing capabilities with the installation of a new custom-built coater. The company also enlarged the plant's size by 3,500 sq. meters. The company will begin taking orders…

Palo Alto, California-based virtual reality firm Jaunt has completed US$65 million series C round of funding led by the Walt Disney Company, Evolution Media Partners, TPG Growth, Participant Media, and China Media Capital. Additional new investors in the round include European media companies ProSiebenSat.1 SE and Axel Springer SE, and the Madison Square Garden Company, […]

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HTC made a compromise on its layoff plan by cutting only 40 employees from its R&D and design center in Hsintien and the company said no further large-scale employee layoffs would occur. According to reports in Taiwanese local media, HTC announced plans to cut 400 employees from its Taoyuan plant and 200 employees from New […]

Chancellor wants country as UK’s second-biggest trading partner

The consequences of Europe’s failure to mount an effective response to the refugee crisis continue to grow, with hundreds of thousands having suffered unnecessarily and bitter divisions jeopardizing the EU's border-free Schengen Area. Perhaps worst of all, Europe's paralysis has given the rest of the world an excuse for inaction.