In addition to his adventurism in Ukraine, Russian President Vladimir Putin has injected obstructionism into European politics and escalated the conflict in the Middle East, thereby aggravating the refugee crisis. The EU must wake up to the threat Puti…
2016-02-22
From June 2014 to January 2016, China’s foreign exchange reserves declined by US$762 billion to US$3.231 trillion, with the drop accelerating over the past three months by US$295 billion or 39% of the fall since June 2014. This has sparked a debate over whether China will have adequate foreign exchange reserves to cover its future […]
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2016-02-22
By Nina Xiang With the release of two brief announcements made by Chinese regulators over the weekend, Jack Ma, one of China's most powerful entrepreneurs, saw a pillar supporting his vast business empire collapse. Over the weekend, the China Food and Drug Administration (CFDA) said it would suspend an electronic drug monitoring system operated by […]
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2016-02-22
India’s neighbours the main buyers as shipments almost double in five years
2016-02-22
Apple Pay, which added over 30 million bank cards during its first day in China last week, agreed to lower fee standards and stricter security requirements in order to launch its services in China. According to an article published by Caixin Media, Apple is charging Chinese banks around half of the 0.15% fee previously under […]
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2016-02-22
China's labor force will be as educated as that of Germany in 2030, which will support economic growth in the coming decades for the country, says a research report by Standard Chartered. There are growing doubts about whether China can maintain high economic growth in the coming decades, driven by doubts about its ability to […]
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2016-02-22
Chinese drug development start-up Impact Therapeutics has raised around US$10 million series B financing from new investors China Summit Capital, Guangzhou Yuexiu Industrial Investment Fund, Sungent Bioventure, Haibang Ventures and existing investor Lilly Asia Ventures, according to a company announcement. The company says it will use the proceeds to advance clinical studies and pipeline products. […]
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2016-02-22
Shanghai-based ZTO Express is planning a U.S. initial public offering, seeking to raise between US$1 billion and US$2 billion this year or early in 2017, according to the Wall Street Journal citing people familiar with matter. The Chinese express delivery firm has invited banks to submit proposals for the offering by Feb. 25, and hasn’t […]
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2016-02-22
Shanghai-based logistics real estate developer e-Shang Warehousing Services Co., co-founded by private equity firm Warburg Pincus, is seeking an initial public offering in Hong Kong to raise around US$1 billion, according to the Wall Street Journal citing people familiar with the matter. Founded in 2011 by Warburg Pincus and two Chinese real estate entrepreneurs, the […]
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2016-02-22
China's largest express delivery firm S.F. Express, backed by CITIC Capital Holdings Ltd., Oriza Holdings and China Merchants Group, is currently receiving counseling from Chinese securities firms for a domestic initial public offering, according to Caixin Media. There is no timetable for the IPO, and there were previous reports on the company's plans to list. […]
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2016-02-22
Ali Music Group, the music branch of Alibaba Group, announced that they will implement a music and e-commerce business cooperation …
2016-02-22
Problem threatens to spark protectionism in Europe, says business body
2016-02-22
The Antelope Valley Transit Authority announced in in the United States that they have ordered 85 electric buses from China's …
2016-02-22
China's Kingsoft says its cloud computing subsidiary has completed a third round of financing of USD60 million and its investors …
2016-02-22
China’s security authority looks to experience to reset its market messaging