The tourists and parallel importers jostling for high-end diapers
2016-01-07
Apparent shift of goalposts on renminbi welcomed at home but rattles markets
2016-01-07
The Mediterranean migration crisis has exposed the inadequacy of European and global systems for protecting migrants, which has enabled populist leaders to win support by stoking public fear. That is why vigorous action at the European and global levels – which was sorely lacking in 2015 – is essential this year.
2016-01-07
Legend Capital has completed over ten exits via strategic sales in 2015, more than its total of IPO exits, in a reflection of the increasingly important role of mergers and acquisitions as an exit route for Chinese venture and private equities firms, according to Legend Capital's managing director Chen Hao. In an interview with China […]
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2016-01-07
China's Le Sports has reached an agreement to provide live streaming of Major League Baseball in the Greater China region in a wide-ranging strategic partnership that will last for three years until the end of 2019, according to an announcement. In the first mass market media agreement in China for Major League Baseball, Le Sports […]
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2016-01-07
Washington, D.C., United States, January 7, 2016 /ChinaNewswire.com/ – In the wake of ongoing developments in North Korea and the South China Sea, four former Secretaries of Defense will discuss key security issues between the U.S. and China at a program hosted by the National Committee on U.S.-China Relations in Washington, D.C. on January 11. … Continue reading "Four Former Defense Secretaries Discuss U.S.-China Relations"
2016-01-07
Inke Inc., a Chinese mobile app allowing users to watch live video broadcast on smartphones, has received RMB68 million (US$10 million) investment from Shenzhen-listed online gaming firm Beijing Kunlun Tech Co., Ltd., according to a disclosure document (in Chinese). Kunlun Tech will take a 18% stake of the company after the completion of the investment. […]
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2016-01-07
Shanghai-based QuanCheng, a Software as a Service (SaaS) corporate expense management start-up, has completed a series B round of financing worth tens of millions U.S. dollars led by Eight Roads, the proprietary investment arm of Fidelity International, says an announcement. ClearVue Partners and Arbor Ventures also participated in the round, whose specific value was not […]
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2016-01-07
After making global expansion and greater penetration of China’s under-served rural markets priorities last year, Alibaba Group Holdings Ltd. says it plans to grow its already large operations in China's biggest cities this year, according to its corporate news website Alizila. "We are going to consolidate and expand our current market, particularly by enhancing reputation, […]
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2016-01-07
Chinese ride share company Didi Kuaidi plans to launch an auto e-commerce platform that allows its users to buy cars on its mobile app as early as the end of January, according to Chinese media reports. The move follows Didi Kuaidi's recent initiation of a test drive service and automobile after-sales services. The company says […]
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2016-01-07
The Chinese central bank surprised the market this morning with a fixing 0.5% weaker than the last fixing, in a show of willingness to tolerate a weaker Yuan and establish a flexible exchange rate regime, says a research report by ANZ. The People's Bank of China (PBoC)'s fixing of 6.5646 for USD/CNY is a signal […]
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2016-01-07
China has a record 905 million smartphone users accessing the Internet as of November 2015, compared to the country's population of 1.357 billion, according to an annual report (in Chinese) released by the Internet Society of China. The number is on par with the 913 million 3G or 4G smartphone users projected by industry association […]
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2016-01-07
Guangzhou-based online pharmacy start-up 7LeKang has completed US$100 million series B round of financing from undisclosed investors, according to the company's website and Chinese media reports. The company says it will use the proceeds on mobile healthcare services, increasing its doctors' network and patient subsidies. Founded in 2011, 7LeKang operates nine offline stores and an […]
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2016-01-07
S&P 500 has tumbled 4.9% this year in its worst four-day opening run in history
2016-01-07
An investor consortium led by Meinian Onehealth Healthcare Holding Co., Ltd. has increased its offer for the second time to take rival iKang Healthcare Group private, in an escalation of a bidding war to take control of the NASDAQ-listed Chinese healthcare group. In an announcement, Meinian-led consortium offered to acquire all of iKang's outstanding shares […]
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2016-01-07
China and US must co-operate to resolve Pyongyang’s nuclear threat
2016-01-07
Beijing response to Pyongyang claim of H-bomb test will be vital