More than 90 people missing after debris inundates part of Shenzhen

Shenzhen landslide in pictures

State Street Global Advisors, the asset management arm of State Street Corporation, has appointed June Wong as senior managing director and head of its Asia ex-Japan business based in Hong Kong, according to a company announcement. Wong will join SSGA this coming March and will be responsible for further developing and implementing the regional business […]

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Shenzhen-based Chinese consumer drone maker SZ DJI Technology Co., backed by Accel Partners and Kleiner Perkins Caufield & Byers (KPCB), has opened its first flagship store in Shenzhen yesterday, according to an announcement. The 800-square-meter store features a full range of DJI's consumer products and aims to let consumers see, touch and learn first-hand about […]

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China Mobile plans to build over 300,000 new 4G base stations in 2016 and aims to increase the number of its 4G users to over 500 million by the end of 2016. During China Mobile's terminal cooperation meeting 2015, the company's vice president Li Hui revealed that China Mobile has completed the construction of over […]

Beijing-based flash memory card maker Memblaze has completed series C round of financing worth tens of million U.S. dollars from the General Technology Venture Capital Co., Ltd. and Qualcomm Ventures, according to a company announcement. Qualcomm's investment is expected to help Memblaze apply its resources into data centers, and continue to help expand both parties' […]

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Beijing-based online used car auction company Youxinpai is reportedly raising as much as US$400 million from existing investor Baidu Inc. and other investors, according to Chinese media reports. If completed, the large financing round will help solidify Youxinpai's leading position in the used car services market in China, an area that has attracted much venture […]

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Global private-equity firm Bain Capital LLC has raised US$3 billion for its third Asia-focused fund, exceeding its initial target of US$2.5 billion, according to a disclosure filing. The new fund, which follows the final closing of a US$4.5 billion fund raised by RRJ Capital in October, will begin making investments next year focused on China, […]

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New York Stock Exchange-listed Qihoo 360 Technology Co. Ltd. has entered into a definitive merger agreement to be taken private by its chariman Zhou Hongyi and a group of investors for approximately US$9.3 billion, in the largest go-private deal of a U.S.-listed Chinese company, according to an announcement. The deal includes the redemption of US$1.6 […]

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The fight for infrastructure deals reflects the broader struggle between the Asian giants