Contagion is a well understood process in finance: a shock in one place produces tremors elsewhere, because pattern-seeking market participants perceive fundamental forces at work. Today’s populist political revolt across the West is exhibiting a similar dynamic.
2016-11-24
Citizens of restive region home to 11m Muslim Uighurs must apply to get papers back
2016-11-24
UN hails ‘extraordinary’ innovation but sceptics say figures skewed by state targets
2016-11-24
Employees of the UK's Skyscanner are readying to welcome their new Chinese owners. Ctrip.com International, Ltd. has agreed to acquire …
2016-11-24
One of the world's largest social networks aimed at homosexual men just raised funding from a Shanghai firm. Shanghai-based venture …
2016-11-24
China's pork industry will provide ample investment opportunities as the RMB1.4 trillion (US$202 billion) sector consolidates and transforms in the …
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2016-11-24
China's pork industry will provide ample investment opportunities as the RMB1.4 trillion (US$202 billion) sector consolidates and transforms in the next decade with the help of Internet technology, Chinese venture firm Frees Fund said in a report today. Specifically, pig farms will be further consolidated as small-scale operations are put out of business. The downstream […]
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2016-11-24
Tencent Holdings Ltd. has made an investment in Chinese knowledge sharing platform Zaihang and Fenda, the start-up announced on its …
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2016-11-24
Tencent Holdings Ltd. has made an investment in Chinese knowledge sharing platform Zaihang and Fenda, the start-up announced on its Wechat public account without disclosing the size of the round. The company says that it has raised over RMB200 million (US$29 million) cumulatively after the latest capital injection since its establishment over a year ago. […]
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2016-11-24
Shenzhen-listed Beijing Shengtong Printing Co., Ltd. has agreed to acquire Chinese educational robot school operator RoboRobo Education, backed by New Oriental Education & Technology Group Inc. and Zhen Fund, for RMB430 million (US$62 million). The Chinese printing company said in a disclosure filing that it would acquire 100% of RoboRobo Education for RMB30 million in […]
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2016-11-24
Chinese private equity firm Zhixin Capital and China Merchants Venture Capital Management Co., Ltd. have led a RMB102 million (US$15 million) series A funding round in Ximu Credit, a personal credit rating big data start-up founded by an ex-manager at Ant Financial. China Growth Capital, Chunxiao Capital and existing investor Fosun Kinzon Capital also participated […]
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2016-11-24
Ctrip.com International, Ltd. has agreed to acquire all shares of Skyscanner Holdings Ltd., a U.K.-based global travel search site, for approximately £1.4 billion (US$1.74 billion), the Chinese travel giant said. The purchase price consists of cash mainly, with the minority in Ctrip shares and loan notes. The deal has won board approval at both companies […]
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2016-11-24
China’s non-FDI (foreign direct investment) capital outflows moderated to about US$59 billion in October, but are expected to continue as U.S. Federal Reserve hikes are likely to lead to a stronger U.S. dollar, says Standard Chartered Bank in a research note. The trade surplus widened to US$49 billion last month from US$42 billion in September, […]
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2016-11-24
Shanghai-based venture firm Ventech China has led a US$8 million series A funding round in Hornet, the world's second largest gay social network, the start-up announced. "The (Hornet) platform combined with the user functionality is unparalleled. In such a short time, Hornet has claimed leader position in many markets across the globe," said Eric Huet, […]
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2016-11-24
Deep-pocketed developers follow housing investors’ playbook by spending big overseas