Beijing to spend trillions of renminbi in a return to stimulus to boost growth
2016-05-10
Warburg Pincus has invested an undisclosed amount in UIB, an obstetrics, gynecology (OB/GYN) and pediatrics hospital chain that currently owns and operates the UIB International Postpartum Care Center in Shanghai and the Ruizhitang Women’s Healthcare Center, the company announced today. UIB plans to launch the Shanghai Everbetter Maternity Hospital and the Shanghai Everbetter Pubin Children’s […]
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2016-05-10
Europe’s refugee crisis is far from solved, but there are signs that the agreement finalized by the EU and Turkey on March 18 is reducing the flow of refugees and migrants from Turkey to Greece. The problem is that the deal is undermining the values on which the EU was founded.
2016-05-10
China's biggest ride hailing giant Didi Kuaidi is close to completing a new funding round worth as much as US$2.5 billion, according to Tencent Technology. The final tally is more than double the US$1 billion fundraising figure reported by the media two months ago, and follows a record US$3 billion round completed by the Chinese […]
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2016-05-10
Beijing, China, May 10, 2016 /ChinaNewswire.com/ – Mr. Christopher Chia has been appointed vice president at Shangri-La International Hotel Management Limited and general manager of China World Hotel, Beijing. He will be responsible for the whole operations and services of three hotels, including China World Hotel, Beijing; China World Summit Wing, Beijing; and Traders Hotel, … Continue reading "Shangri-la Hotel and Resorts Appoints Christopher Chia as VP at Shangri-La International Hotel Management Limited and GM of China World Hotel, Beijing"
2016-05-10
Latest ‘freedom of navigation operation’ in South China Sea
2016-05-10
Global insurance firm Starr Companies has led a US$70 million round in Gushengtang, a traditional Chinese medicine clinic chain. The Chinese company announced the news during a press conference held in Shenzhen yesterday. Ping An Insurance (Group) Co. also participated in the round. Founded in 2010, Gushengtang previously received US$30 million series B round from […]
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2016-05-10
Che Pinjue, head of data committee and group vice president at Alibaba Group Holdings Ltd., has joined Sequoia Capital as a venture partner to focus on investing in innovative big data start-ups, according to his LinkedIn profile. Che joined Sequoia in April, and told Chinese media that he made the move with the desire to […]
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2016-05-10
Credit deluge fails to boost growth in an economy already saturated with liquidity
2016-05-10
A popular nuts and snacks e-commerce retailer Three Squirrels, backed by IDG Capital Partners and Chinese private equity firm Capital Today, is reportedly seeking an A-share listing with the help of China International Capital Corporation (CICC), according to Chinese media reports. The company is still in the early stage of its IPO process, and no […]
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2016-05-10
Kingsoft Cloud Group has raised nearly US$50 million in a series C+ financing round led by a fund backed by China Merchants Securities, three months after the cloud computing unit of Kingsoft raised US$60 million in a series C round. In a securities filing, Hong Kong-listed parent, Chinese software firm Kingsoft, says that the China […]
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2016-05-10
Chinese Internet video website Letv.com announced that during the first quarter of 2016 it achieved operating revenue of CNY4.63 billion, …
2016-05-10
Land route takes 14 days compared with 45 by sea
2016-05-10
A ribbon of road, rail and energy projects to help increase trade
2016-05-10
A $46bn economic corridor through disputed territories in Kashmir is causing most concern
2016-05-10
Suppliers looking for ways around Russian restrictions
2016-05-10
The region is both welcoming and wary of Beijing’s ’One Belt, One Road’ initiative