China Business Blog - Aggregated China Business Blogs
Aggregated China Business Blogs

The EU’s first expulsion of refugees has exposed the fundamental flaws in its new migration policy. While the forcible return of asylum-seekers to Turkey has caught the world’s attention, an equally troubling issue has hardly been discussed: the underfunding of Europe’s response to the crisis.

In a recent interview, US President Barack Obama seems to have decided that military intervention in Libya in 2011 was a mistake. The true lesson from the conflict, however, is the need for genuine multilateral action if efforts to protect people from …

rmb8888949949As China's capital outflows stabilizes, UBS AG says it will maintain its current USD/CNY forecast of 6.8 by year end, but sees increasing risk that the CNY may not depreciate by as much against the U.S. dollar and may end the year at 6.6 to 6.7. Capital outflow and depreciation pressures have let up visibly […]

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ORchid-asiaChinese personal care product maker Guangzhou Weimeizi Individual Nursing Articles Co. Ltd. has received series B round of financing from Orchid Asia Group and Eastern Bell Ventures. At a press conference, the company did not specify the fundraising amount, but said the latest fundraising is worth several hundred million RMB (RMB100 million equals US$15 million). […]

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Alibaba copy 3Ant Financial Services Group, the financial services arm of Chinese e-commerce giant Alibaba Group Holding, is raising a larger venture round of more than RMB20 billion (US$3.1 billion) at a valuation of around US$60 billion, with the country's sovereign wealth fund China Investment Corp. as one of the lead investors. The fundraising amount is bigger […]

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credit-cardoe9oeoeHong Kong-based financial comparison site CompareAsiaGroup, backed by Goldman Sachs Investment Partners, has appointed former KKR Capstone Asia Leadership member Sam Allen as chief executive officer. Allen was a Hong Kong-based director at KKR from 2006 to 2015, helping the global private equity giant's portfolio companies to improve performance and operational efficiency. According to his […]

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debt copy 3China's foreign exchange reserves rose by US$10 billion in March to US$3.213 trillion, higher than the US$6 billion decrease expected by the market. But the good number may belie bigger concerns underneath, says a research report by BofA Merrill Lynch Global Research. Market reaction to the news was limited as the magnitude of the surprise […]

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healthcare0384w94Ally Bridge Group, a Hong Kong-based healthcare private equity firm, has agreed to lead a US$150 million investment in NASDAQ-listed Sorrento Therapeutics, Inc., an antibody-centric, clinical-stage biopharmaceutical company developing new treatments for cancer and other diseases. A strategic investor, South Korean pharmaceutical and chemical firm Yuhan Corporation, also participated in the deal, which is structured […]

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