It’s been 14 years since US President George W. Bush declared a “global war on terror.” Now that another president – François Hollande of France – has also declared war on terror (as have other European leaders), are the prospects for victory really any better?
2016-01-14
AcFun, a Chinese video sharing platform, has completed a US$60 million funding round led by Softbank China Venture Capital, according to an announcement posted on the company's Weibo account. Founded in 2007, AcFun received US$50 million series A funding from Youku Tudou Inc. in 2015, at a reportedly valuation of US$200 million. AcFun focuses on […]
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2016-01-14
Poorest quarter of households own just 1 per cent of country’s total wealth
2016-01-14
Mandarin Capital Partners, a private equity firm focused on China-Europe cross-border deals, has reached the final close of its second fund with just under €200 million (US$218 million) in total commitments, according to a company announcement. The investors in the second fund include existing investors to the firm's debut vehicle such as Banca Intesa Sanpaolo, […]
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2016-01-14
Wangjiu.com, an alcohol e-commerce platform controlled by LeTV Holdings Co Ltd., has completed a series A round of financing, securing nearly RMB200 million (US$30 million) from Chinese investors, according to a company announcement (in Chinese). Investors include a couple of private equity vehicles managed by the domestic asset management arms of ICBC International and CCB […]
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2016-01-14
Beijing-based mobile in-app advertising start-up Changsi Advertising has completed its first round of financing of around, securing RMB100 million (US$15 million) from Chenghui Venture Partners and Greenwoods Investment, according to a company announcement. The company says it will use the proceeds on its advertising network expansion. Changsi Advertising was established in 2014 after Chinese mobile […]
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2016-01-14
Silicon Valley-based security software provider Shape Security has completed a US$25 million series D round of financing led by Baseline Ventures, Northern Light Venture Capital and Epic Ventures, according to a company announcement. Existing investors Kleiner Perkins Caufield & Byers, Venrock, Norwest Venture Partners, Google Ventures, Eric Schmidt’s Tomorrow Ventures and others undisclosed investors also […]
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2016-01-14
China's trade data came in better than expected in December, but it does not alter the expectation that the Yuan will face mounting depreciation pressures in the coming years. The Chinese currency might depreciate around 5% this year, according to a research report by UBS AG. China's December exports and imports both came in stronger […]
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2016-01-14
Chinese dairy group Yili will transfer its 40% stake in Inner Mongolia Youran Farming for CNY1.4 billion and Youran will become a foreign-owned enterprise after the transaction. According to the report, Youran was founded in…
2016-01-14
Chinese telecom device maker ZTE Corporation plans to build a research institute project in Guangzhou and has already signed the …
2016-01-14
Chinese drone company Ehang announced that Yan Zhiqing, Microsoft Greater China's former vice president and general manager for marketing and …
2016-01-14
Wang Yu charged with subversion as China extends crackdown on legal rights activists
2016-01-14
The Hong Kong government plans to set aside HK$5 billion (US$644 million) to promote innovation and technology, in another major push to establish the city as a center of innovation in the region. The initiative aims to invest in innovative technologies that help upgrade everyday life in aspects including communication, transportation, healthcare, education, the environment, […]
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2016-01-14
China produced 109 million outbound tourists in 2015, with total retail spending of US$229 billion, a key milestone in China's outbound tourism history, says German market research firm GfK. The data consolidate China's position as one of the top global sources of tourists, in terms of both number of trips and money spent during international […]
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2016-01-14
Policymakers have few attractive options to bolster the renminbi