Russia’s aggression against Ukraine is one of the great tragedies of our time, not only because of the tremendous human cost, but also because it is utterly pointless. Indeed, Russia’s leaders fundamentally misjudged the West’s intentions and created an unnecessary confrontation that undermines both sides' interests.

Guangzhou-based smart point-of-sales (POS) solutions start-up Yunnex has completed RMB100 million (US$16 million) series A+ round of financing from Chinese venture firm FH Capital, with participation of GSR Ventures, according to Chinese media reports. Yunnex's main product is an Internet-based POS device that incorporate two-dimensional bar codes, coupons, messaging, e-commerce platforms and sales management software, […]

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Chinese Internet giant Tencent Holdings Limited is to invest US$1 billion in the merged Meituan-Dianping entity, which is the largest on-demand local services provider in China, at a valuation of around US$20 billion, according to media reports. In October, Shanghai-based Yelp-like review website Dianping.com and Beijing-based group discount platform Meituan.com agreed to merge. The result […]

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Defence secretary insists on ‘freedom of navigation operations’ around disputed islands

Global investment firm KKR & Co. L.P. and Los Angeles-based media holding company the Chernin Group, LLC has jointly launched an investment fund to back fast-growing media and entertainment companies across Asia. In a joint announcement, KKR says it has committed up to US$300 million to the new investment vehicle, named Emerald Media, from its […]

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Shanghai Jin Jiang International Hotels (Group) Company Limited has approved plans to acquire the 81.0034% stake in Keystone Lodging Holdings Limited. Jin Jiang Hotels previously announced a decision to acquire a 81.0034% stake in Keystone…

Uber China announced that the company will invest CNY63 million to build an operating center in the Wuhan East Lake High-tech Development Zone. This is Uber's first major operating center outside North America. Meanwhile, it boasts the largest area and highest investment for the company. According to Uber, this new operating center will be an […]