NASDAQ-listed Chinese bio-pharmaceutical company Sinovac Biotech Ltd. says it has received a preliminary non-binding proposal from its chief executive and SAIF Partners to take the company private, according to a company announcement. Yin Weidong, who is also the company's chairman and president, as well as affiliates of SAIF Partners IV L.P. propose to acquire all […]

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More than a year after the elimination of the Syrian government’s chemical weapons program, there are persistent reports of toxic gas attacks in the country. If those responsible are not identified and prosecuted, more Syrians will be placed in jeopardy, and the Chemical Weapons Convention could lose its credibility.

The international order forged in the fires of the twentieth century seems to be disappearing. For Europe, in particular, will the decline of Pax Americana, which has served for seven decades as a guarantor of the continent’s internal liberal order, unavoidably lead to crisis, if not conflict?

Shanghai, China, February 1, 2016 /ChinaNewswire.com/ – AccorHotels (CAC 40 – AC.FR) and Huazhu Hotels Group (also known as China Lodging Group – Nasdaq: HTHT) are pleased to have sealed their extensive, long-term alliance, initially announced to the market on 14th December 2014. Under the arrangement, AccorHotels takes a 10.8% stake in Huazhu and a … Continue reading "AccorHotels and Huazhu Finalize Their Strategic Alliance"

More shoppers want to avoid pollution on their food and are willing to drop a dime on doing so

Site accuses trendsetting executive of exploiting his position and engaging in criminal activity

Tencent Holdings Ltd. has agreed to invest RMB320 million (US$50 million) in the online education platform of New Oriental Education and Technology Group Inc. before the unit's planned initial public offering, says a company announcement. An affiliate of Tencent has agreed to make the investment in Beijing New Oriental Xuncheng Network Technology Co., Ltd., which […]

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Didi Kuaidi will become the dominant global leader in ride sharing, the chief executive officer of China's largest ride share company said over the weekend, signaling his ambition to beat U.S. rival Uber in markets outside of China. Cheng Wei, co-founder of Didi Kuaidi, said in a speech addressing staff at a year-end celebration event […]

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EQT Partners has acquired a majority stake in Elevate, a social compliance assessment and improvement service provider based in Hong Kong, says a company announcement. Deal terms were not disclosed. EQT, which made the investment through its EQT Mid Market Fund, says it plans to support the growth and development of new services, as well […]

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COS, a high-end fast fashion brand under H&M Group, will continue its global expansion and open its first Chinese store in Guangzhou in April 2016. This new COS store will be reportedly located at Tianhuan…

Shanghai-based Qingpingguo, a healthcare mobile app, has received US$10 million series B round of funding led by DT Capital, according to a news article posted on the company's Weibo account. Existing investor GSR Ventures also participated. Founded in 2013, Qingpingguo, which means Green Apple in Chinese, allows patients to make doctor appointments, conduct mobile consultation, […]

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Price slump drives more than half of big producers into the red

Country’s biggest ever such scam defrauded almost 1m investors

China's national small and medium-size enterprises development fund has established its first investment vehicle in Shenzhen over the weekend, according to Chinese media reports. The investment vehicle has secured RMB6 billion in total capital commitments, of which RMB1.5 billion are from the central government, RMB1.5 billion from the Shenzhen municipal government. The remaining portion are […]

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China’s official manufacturing purchasing managers index (PMI), the bellwether of large industrial firms, fell 0.3 percentage points to 49.4 in January, below market expectations and compared with 49.7 in December. This is the sixth consecutive month that the PMI stayed below 50, pointing to further contraction in the manufacturing sector. The official PMI’s output sub-index […]

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Uncork the champagne, because it's raining cash for mobile app developers in China. Apple's chief marketing officer Phil Schiller reportedly …