This month’s agreements on the Greek crisis and Iran’s nuclear program are undoubtedly important achievements. But the comparisons that have accompanied both deals have tended toward hyperbole, impeding rational discussion of their implications for Europe, the Middle East, and the prospects for international diplomacy.

Stock market breaks a six-day winning streak but still closes higher

The flash Caixin/Markit China Manufacturing Purchasing Managers' Index (PMI) dropped to 48.2, the lowest reading since last April and a fifth straight month below 50, the level separating contraction from expansion. The reading comes below market consensus of 49.7, and compares with last month's flash reading of 49.6. "Today's PMI reading suggests that the improvement […]

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Sichuan province-based online pharmacy platform Ypzdw.com has completed series A+ round of financing worth tens of millions RMB led by GGV Capital, according to an announcement posted on its Weibo account. The round follows a US$27 million series A funding led by Matrix Partners two months ago. Founded in 2010, Ypzdw.com's online retail platform focuses […]

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Shanghai-based China Reading Limited, an online reading and literature platform founded by two Tencent Holdings Limited executives, has made a strategic investment in Chinese podcast sharing app Ximalaya FM, according to an announcement posted on China Reading's Weibo account. Details of the investment are not disclosed. The two parties plan to cooperate on sharing online […]

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Wal-Mart Stores, Inc. has acquired the remaining stake of Yihaodian it does not already own to take full ownership of the Chinese e-commerce firm, according to a company announcement. Pricing and other details of the deal are not disclosed. Wal-Mart acquired the remaining shares from Yihaodian's founding shareholder, Ping An Insurance (Group) Company of China, […]

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Japanese apparel retailer Uniqlo ceased operations of its flagship store on JD.com on July 20, 2015, after only three months of operation. On April 8, 2015, Uniqlo and JD signed a cooperation agreement and Uniqlo's…

Days after a sex video filmed in Uniqlo's Beijing store blew up the Chinese Internet, the Japanese apparel retailer says it has closed its flagship store on JD.com. The store was shuttered on July 20, 2015, after only three months of operation. On April 8, 2015, Uniqlo and JD signed a cooperation agreement and Uniqlo's […]

Big investments to help build new digital champions in China, South Korea and India

Sands’ numbers do not add up to a recovery