Romania, together with Spain, has proposed the establishment an International Court Against Terrorism. Creating such an institution would offer desperately needed assistance to countries with weak legal systems and provide a strong deterrent to would-b…

A reported second bid for the company this year would increase pressure on managers to cut costs

Sailing Capital and Hong Kong-listed Freeman Financial Corporation Limited have agreed to launch a joint venture securities brokerage firm in the Shanghai Free Trade Zone, according to a regulatory filing. Sailing Capital, backed by state-owned conglomerate Shanghai International Group, and Freeman Financial Corporation will each commit RMB350 million to the new venture, which is seeking […]

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Shanghai-based online real estate agency start-up Iwjw has completed US$150 million series E round of financing led by Temasek Holdings and Hillhouse Capital, a company representative confirms to China Money Network.  The round follows a US$120 millions series D round co-led by GGV Capital and Morningside Ventures completed six months ago in May, and brings […]

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A total of ten Chinese banks have registered as private investment funds with the the Asset Management Association of China (AMAC), indicating interests on the part of commercial banks to enter the private investment management business. China Everbright Bank was the first to register back in June. Others including Ping An Bank Co., Ltd., China […]

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Guangzhou city, Guangdong province-based property management firm Zhong Ao Home Group Limited, backed by Vision Knight Capital, is seeking to raise as much as HK$459 million (US$59 million) in an initial public offering in Hong Kong, according to securities filings. Zhong Ao Home is planning to issue 224 million shares at an indictive price range […]

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Global healthcare firm Medtronic PLC has teamed up with Sequoia Capital to establish a US$60 million joint investment fund to back healthcare technology start-ups geared towards the Chinese market, says a company announcement. The Medtronic-Sequoia China Healthcare Technology Venture Investment Fund will provide start-ups with capital and a wide range of resources. Bio-tech accelerator Suzhou-BioBay […]

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Now that Alibaba almost owns China's top online video site, what does this mean for investors and company management at the acquired business? Announced this week right before the big e-commerce event of Singles' Day, Chinese e-commerce group Alibaba and Internet video group Youku Tudou jointly announced that the two parties have reached an agreement, […]

Chinese search engine company Baidu says Lin Yuanqing is the new director of Baidu's Institute of Deep Learning and is reporting to Chief Scientist of Baidu Research Wu Enda. Prior to joining Baidu, Lin led the Media Analytics Department at NEC Labs America. His team was mainly engaged in computer vision research related to mobile […]

China's biggest ride share company Didi Kuaidi has reportedly invested an undisclosed amount in Shanghai-based food ordering mobile app Ele.me, says Chinese media reports. The news of a potential partnership between the two initially emerged in September. At the time, insiders said the partnership would not involve a direct investment, though that seems to have […]

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Around 80% of limited partners have seen their co-investments outperforming private equity funds, with 46% seeing their co-investments outperform by a margin of over 5%, according to a new survey conducted by industry research firm Preqin. This level of out-performance has drawn limited partners to more co-investment deals. Around 63% of investors surveyed have allocated […]

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Property magnate says profits selling homes to Russia will cover investors’ 30% returns

Pentagon says bombers did not fly within 12 nautical miles of contested areas