Slowdown to annual rate of 7% highlights challenge of finding new drivers

After 14 years of fighting, the US has become desperate to escape the war in Afghanistan – so desperate, in fact, that it has now shifted its focus to making peace with the enemy. It will not work.

After 14 years of fighting, the US has become desperate to escape the war in Afghanistan – so desperate, in fact, that it has now shifted its focus to making peace with the enemy. It will not work.

The premier says Beijing is willing to ‘work with others’ to boost the global economy

The premier says Beijing is willing to ‘work with others’ to boost the global economy

Lionel Barber, David Pilling and Jamil Anderlini talk to China’s premier

Shanghai-based Internet insurance company Zhong An Insurance, co-founded by three Chinese online entrepreneurs, is in the process of raising approximately RMB9 billion (US$1.45 billion) in its first round of financing, according to Chinese media reports. China International Capital Corporation Limited (CICC) and Morgan Stanley are participating in the financing round, which is expected to close […]

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Beijing-based personal transportation robot maker Ninebot Inc. has received US$80 million investment from Chinese smartphone maker Xiaomi Inc., Shunwei Capital, Sequoia Capital and WestSummit Capital, according to an announcement. At the same time, Ninebot has also acquired rival Segway PT. Deal terms were not disclosed. Shunwei Capital is co-founded by Lei Jun, founder of Xiaomi, […]

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Meican.com, a Chinese meal ordering platform, announced that the company has completed its third round financing of CNY140 million, and its investors included Dianping.com, Kleiner Perkins Caufield Byers, Nokia Growth Partners, and TBP Capital. Zhao Xiao, chief executive officer of Meican.com, said that by introducing the strategic investment of Dianping.com, the company will be able […]

Apple has launched a "reuse and recycling project" in mainland China which will support the trade-in of iPad and iPhone products. Apple said that iPad and iPhone users can evaluate their old devices in Apple Stores and gain corresponding rebates when purchasing new iPad and iPhone devices. The company the trade-in project is only available […]

Intel Capital, Intel’s global investment and M&A arm, has launched a RMB80 million (US$13 million) China angel fund designed to provide capital support to the country’s innovative makers, and focus on enabling smart device maker ecosystem development in China, according to a company announcement. This is the first angel fund and the fourth investment fund […]

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China's first crowdfunded cafe 3W has reportedly completed its first round financing, which was led by JD.com and participated by Dongfang Hongdao and Tsinghua Holdings. 3W coffee was initiated by Xu Dandan, Ma Delong, and Bao Aile with the crowd-funding model and was established in November 2010. It gained seed money investments from about 180 […]

Shenzhen-based Chinese consumer drone maker SZ DJI Technology Co. is in the process to raise hundreds of millions U.S. dollars in new funding at a valuation of U$10 billion, making it the most valuable consumer drone manufacturer in the world, according to media reports. Investors in the round may include Accel Partners and Kleiner Perkins […]

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Asia-focused private equity fund-of-funds (FoF) manager Asia Alternatives Management LLC has reached final closing of over US$1.8 billion for its fourth fund, Asia Alternatives Capital Partners IV, L.P., as well as its related fund vehicles, according to a company announcement. The firm's fourth fund, along with its sleeve fund focused on investments outside Japan, closed […]

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Slowdown to annual rate of 7% highlights challenge of finding new drivers

Ensogo, an e-commerce website which focuses on discounted daily deals, has received a USD5 million strategic investment from Vip.com, an online discount retailer for brands in China formerly known as Vipshop.com. According to Ensogo, China Renaissance was the exclusive financial consultant for this deal. Founded in 2010, Ensogo was listed on the Australian Securities Exchange […]

The decline in potential growth leads to debate about the savings glut and secular stagnation