The Syrian refugee crisis is putting the EU under great pressure to reconcile its responsibility to help those fleeing war with its limited capacity to absorb new arrivals. The EU should collaborate with countries now hosting refugees to establish econ…

Drop by $87bn in November close to record $94bn decline in August

A unit of Chinese drug-maker Luye Group has agreed to acquire Australian private hospital operator Healthe Care Australia for US$688 million, in Luye's first foray into hospital operations outside of the Chinese borders, according to an announcement. Luye Medical Group Co., an entity under Luye Group, is buying Australia's third largest for-profit hospital operator from […]

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Xu Ming, founder of property company Dalian Shide Group, testified against Bo Xilai’s wife in 2013

Free tickets and empty screenings counted towards sales total

Wealthy buy stakes in clubs, but merchandise and advertising to 1.3bn consumers slow to take off

APUS Group, an 18-months-old Chinese Android application development start-up, has launched a venture capital fund in India with an initial target of US$45 million to invest in startups focused on mobile Internet innovations. The fund will be led by APUS, with participation from APUS' own venture backers, including Northern Light Venture Capital, Redpoint Ventures, Chengwei […]

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KuangChi Martin Jetpack Ltd, a start-up focused on commercializing manned jetpacks, has signed tentative agreements to sell 100 jetpacks and 20 simulators in China. It signals a step forward towards full commercialization for KuangChi Martin Jetpack, a company established by Shenzhen-based technology firm Kuang-Chi Innovative Technology Ltd and New Zealand-based Martin Aircraft Co., Ltd. The […]

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Frontline BioVentures, a Chinese venture capital firm focused on healthcare and life sciences, has led an undisclosed series A financing in Sino Health, a company backed by Chinese pharmaceutical giant Sinopharm Group Company Limited. No financial details of the round were disclosed, but Sinopharm will remain a key shareholder of Sino Health and share its […]

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PPTV's employees have received an appointment notice stating that Mi Xin will become new president and chief executive officer of PPTV, according to an insider from the company. Since being acquired by Suning in 2013, PPTV's CEO has changed three times. The notice included three appointments. Fan Zhijun was appointed chairman of management committee of […]

It looked to be the growth engine for big pharma, but bribery and a flawed system have dashed hopes