Taiwanese incubator AppWorks has launched a NT$1.5 billion (US$47.5 million) fund to invest in local start-ups in the mobile Internet, big data, e-commerce and Internet of Things sectors, in a bid to turn the island into a Silicon Valley for Southeast Asia, according to a company announcement. AppWorks Fund II's lead backers are Cathay Life […]

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Tencent literature and Cloudary, formerly known as Shanda Literature, have jointly established a new company named Yuewen Group. An internal email from Wu Wenhui, chief executive officer of Yuewen Group, revealed that the group will invest up to CNY100 million in the purchase of non-networking literature contents in 2015; meanwhile, the company plans to cooperate […]

Sino-U.S. healthcare investment firm Vivo Capital has reached final closing of its eighth fund, Vivo Capital Fund VIII L.P., at US$750 million, according to a company announcement. With offices in Palo Alto, California, as well as in Beijing and Shanghai in China, Vivo Capital says the latest closing will bring the firm's total assets-under-management to […]

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Israeli Prime Minister Binyamin Netanyahu surprised nearly everyone by decisively securing a third consecutive term in office. But the celebration is likely to be short: By renouncing a two-state solution and pledging continued settlement of occupied l…

Shenzhen-headquartered Rainbow Department Store published its annual performance report for 2014, stating that the company realized total operating revenue of CNY16.998 billion in 2014, a year-on-year increase of 6.02%; its total profit was CNY773 million, a year-on-year decrease of 11.84%; and its net profit attributable to shareholders was CNY538 million, a year-on-year decrease of 12.52%. […]

Israel's election revealed a deeply divided society with a fragmented and dysfunctional political system that cannot produce a leader able to negotiate seriously with the Palestinians and deal with the country’s socioeconomic problems. The next election may not be far off.