Is there a “safe” debt/income ratio for households or debt-to-GDP ratio for governments? In both cases, the answer is yes, though the precise number depends on situation-specific factors, including who owns the debt and the purposes for which it was incurred.
2016-01-28
Sites like Baozhi360 and Zichan360 grow as debt problems weigh down traditional lenders
2016-01-28
Hony Capital has agreed to invest an additional RMB599 million (US$91 million) in Shanghai Jinjiang International Hotels Development Co., according to a disclosure document (in Chinese). Shanghai-listed Jinjiang International plans to issue 151 million new shares to five investors at RMB29.93 per share in a private placement deal, raising a total of RMB4.52 billion (US$687 […]
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2016-01-28
Alibaba Group Holding Ltd. has reached a roughly US$900 million deal to sell its stake in Meituan-Dianping, as the Internet giant focuses on building its own competing platform Koubei, the Wall Street Journal reported citing people familiar with the matter. Alibaba sold its stake to some of the investors who participated in Meituan-Dianping’s US$3.3 billion […]
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2016-01-28
China-focused venture capital firm Qiming Venture Partners is set to close its fifth U.S. dollar fund, securing more than US$650 million in total capital commitments, according to a person familiar with the matter. The latest closing, which is expected tomorrow, brings Qiming's total asset-under-management to over US$2.3 billion across five U.S. dollar funds and three […]
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2016-01-28
More than 850 fugitives repatriated last year as Beijing’s global manhunts intensify
2016-01-28
The United Arab Emirates (UAE) and Qatar are the most active Middle East countries using the RMB for direct payments with mainland China and Hong Kong, according to recent data released by the Society for Worldwide Interbank Financial Telecommunication (SWIFT). In 2015, the UAE's use of the RMB accounted for 74% of payments by value […]
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2016-01-28
WeBank, Tencent Holdings Ltd.'s online banking affiliate, is set to raise over US$450 million in a new financing round led by Warburg Pincus, according to the Wall Street Journal citing people familiar with the matter. Singapore’s state-owned investment firm Temasek Holdings Pte. Ltd. also participated in the round, which values Shenzhen-based WeBank at around US$5.5 […]
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2016-01-28
Shanghai YTO Express (Logistics) Co., Ltd., backed by Alibaba Group Holdings and Yunfeng Capital, is planning an A-share listing through a reverse merger with Chinese garment maker Dalian Dayang Trands Co., Ltd., according to a disclosure filing (in Chinese). Shanghai-listed Dayang Trands said it had reached initial agreements to acquire one of China's largest express […]
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2016-01-28
Letv Sports Culture Develop (Beijing) Co. Ltd. has agreed to acquire Octopus TV, a Chinese online video start-up providing live user generated content in the sports sector, for RMB300 million (US$46 million), according to Chinese media reports. The sports affiliate of Leshi Internet Information & Technology Corp. says the acquisition will attract more young sports […]
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2016-01-28
Chinese mobile game developer and operator Linekong announced a strategic investment in Hong Kong mobile game developer and distributor Gameone. …
2016-01-28
U.S.-based Tesla is known for crafting and selling automobiles to buyers around the world from their U.S. headquarters, but that …
2016-01-28
The disappearance of five booksellers fuels anxiety that China is tightening control
2016-01-28
Most of those who devote themselves to safeguarding human rights worldwide would agree that this is a very bad time. Has the trend toward greater international protection of human rights, which began four decades ago, come to an end?