President Vladimir Putin’s decision to intervene in Syria marked a major turning point in Russian foreign policy in 2015. In the year ahead, the US should seek an alliance with Russia to defeat ISIS; but it should do so with no illusions about the probability of success – and real concerns about the cost of failure.
2016-01-05
Weather patterns, rather than lower emissions, linked to 6% fall in particle levels
2016-01-05
U.S. ride share company Lyft has raised US$1 billion in a new round of financing from General Motors, Saudi business magnate Alwaleed bin Talal's Kingdom Holding C., Janus Capital Management, Japan's Rakuten, Inc., as well as Alibaba Group Holdings Ltd. and Didi Kuaidi, according to an announcement. The round values Lyft at US$5.5 billion, including […]
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2016-01-05
China was the most active country for mergers and acquisition deals within Asia in 2015, with a total of 4,761 deals worth US$651 billion inked for the year, up 51% in total deal volume from the US$430.9 billion recorded in 2014 and the highest level on record, says data tracker Dealogic. Deal volume was driven […]
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2016-01-05
Latest twist in case that has raised concerns over territory’s autonomy
2016-01-05
PAG Asia Capital, run by former TPG executive Shan Weijian, has raised US$3.66 billion for its second Asian buyout fund, according to a securities filing. PAG's first Asian fund closed with US$2.5 billion in 2011. That fund has already returned US$1.5 billion to investors and has a gross internal rate of return of around 30%, […]
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2016-01-05
China's State Post Bureau is to implement a real-name system for the country's postal and private courier services this year, requiring all users to verify their identification with official residence cards and other ID documents, according to China's state-owned Xinhua News Agency citing the bureau's general director Ma Junsheng. People who wants to send or […]
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2016-01-05
Dalian Wanda Group has agreed to acquire a majority stake in U.S. movie studio firm Legendary Entertainment for between US$3 billion and US$4 billion, according to Reuters citing a person familiar with the matter. Wanda, controlled by China's richest man Wang Jianlin, will own slightly over half of the Burbank, California-based Legendary Entertainment. Legendary's founder […]
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2016-01-05
Ant Financial Services Group, the financial services arm of Chinese e-commerce giant Alibaba Group Holding, is seeking at least RMB10 billion (US$1.5 billion) in a second round of financing ahead of a planned initial public offering, according to Bloomberg citing a person familiar with the matter. After the completion of the second fundraising round, Ant […]
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2016-01-05
Foxconn's parent company Hon Hai plans to add investment in the Czech market of CZK2.5 billion, which is about CNY657 million, by 2018. And the company will build its first European big data R&D and design center in the country. According to reports in Taiwanese local media, Hon Hai will set up a joint venture […]
2016-01-05
Shanghai-based steel B2B (business-to-business) platform Zhaogang.com has completed RMB1 billion (US$153 million) series E round of financing from undisclosed investors, says Chinese media reports citing the company's senior management. The start-up is in the process of dismantling its variable interest entity (VIE) structure, which is commonly used to receive U.S. dollar venture investment and seek […]
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2016-01-05
Chinese Internet enterprise security start-up Qingteng Cloud Security has gained its first round of investment of CNY60 million from CBC Capital and Redpoint Ventures. The nascent company is setting a new record of first round financing amount for security start-ups in China. Zhang Fu, founder of Qingteng, said that the current Internet enterprise security is […]
2016-01-05
China's December economic activity may have stabilized at low levels and the country's economy is likely to have expanded at 6.9% for 2015, as a result of recent growth support policies, ongoing property sales growth and still improving credit growth, predicts a research report by UBS AG. Average industrial production growth likely stabilized in the […]
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2016-01-05
Mississippi, United States, January 5, 2016 /ChinaNewswire.com/ – The next editions of International Surrealism Now will be held in the United States in Mississipi at Cullis Wade Depot Art Gallery, MSU Welcome Center. It will be in January and February and in Partícula Coimbra, next February, and Multimedia Poros Museum in Condeixa-a-Nova, Portugal 2016. The … Continue reading "Artists From China And Around The World Converge At International Surrealism Now Project"
2016-01-05
Beijing is turning away from tinkering with equities, writes Joe Zhang
2016-01-05
Beijing is turning away from tinkering with equities
2016-01-05
Marathon organisers once struggled to fill starting blocks, now runners compete to enter