Any US administration should pause before cutting off access to the dollar-trading system as a way to punish misbehavior by foreign governments. Over time, even legitimate actors will find alternative commercial and financial channels if they come to f…

Philippine president makes unilateral announcement over waters of Scarborough Shoal

China is viewed as the most attractive distressed debt opportunities in Asia Pacific, as global investors sharpen their focus on the region after global uncertainties rose post the U.S. presidential election. Around 52% of those surveyed say that China offers the best investment opportunities in the next 12 months, followed by Japan and India, each […]

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The US president-elect's muddled statements offer little insight into what kind of foreign policy he will actually pursue, and there is not much reason to believe that, when his approach does become clear, it will be what the US – or the world – needs. That could have devastating consequences in the world's most tumultuous region.

Ecommerce group broadens its online strategy with bricks-and-mortar outlets

International Finance Corporation, a member of the World Bank Group, is to invest as much as US$20 million in Huochebang, a Uber-like Chinese truck logistics start-up, according to media reports citing insiders. IFC did not immediately respond to an inquiry to confirm the news. Founded in 2014, Huochebang, which is a Chinese phrase meaning "truck […]

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Chinese growth capital investment firm Pagoda Investment, Tencent Holdings Ltd., Bitauto Holdings Ltd., SB China Capital (SBCVC) and SIG Asia Investments have invested US$100 million in a series C funding round in used car online auction platform Tiantianpaiche, according to Chinese media reports. The company will use the proceeds on market expansion, services improvement, as […]

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Chinese film and TV production firm Huayi Brothers has led a RMB200 million (US$29 million) series D round in Magilm Pictures, a Beijing-based movie marketing and distribution company Magilm Pictures, according to Chinese media reports. "The investment reflects our optimism on Magilm's young generation content reserves and rich marketing experience in the film industry," said […]

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Chinese smartphone maker Smartisan Technology Co., Ltd., founded by former English teacher and Internet celebrity Luo Yonghao, has raised RMB300 million (US$43.5 million) in a new funding round from existing investors, according to Chinese media reports. Founded in 2012, Smartisan previously raised angel investment from Tang Yan, founder of Chinese social networking firm Momo Inc. […]

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Plan to build world’s tallest office block on hold over safety concerns

Alibaba Group Holding Ltd. plans to invest RMB2.1 billion (US$305 million) in Zhejiang province-based supermarket chain Sanjiang Shopping Club Co., Ltd., as the Chinese e-commerce giant moves to pursue a "new retail" model envisioned by founder Jack Ma. Alibaba will obtain as much as 35% of Sanjiang via private share placement, share transfer and convertible […]

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Sequoia Capital China has led a series C funding round in Singapore-based PatSnap, an intellectual property intelligence company powered by machine learning and artificial intelligence. China's Shunwei Capital also participated in the round. No financial details of the investment were disclosed. "With our roots in China, we are a technology-focused Software as a Service (SaaS) […]

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Weibo Corporation has completed a US$120 million investment in Yixia Tech, a Beijing-based developer behind short video mobile app Miaopai and Xiaokaxiu, the Chinese twitter-like service provider said during the weekend. The deal follows a US$200 million series D funding round Yixia competed in November 2015 led by Weibo, with participation from Sequoia Capital, South […]

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CDH Investments and CCB International have entered into agreements to sell their stakes in Chinese hospital operator Harmonicare Medical Holdings to Taikang Insurance Group Inc. for HK$815 million (US$105 million), according to a disclosure filing. The pair have agreed to sell around 124.6 million shares, or 16.44% of the company, at an average consideration of […]

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President calls on successor to bolster international order it helped to create 

China's Wanda Group has signed a comprehensive strategic cooperation agreement with Shaanxi to invest additional CNY103 billion into this province. Of the total investment, CNY50 billion will be used to build a Wanda city in…

Chinese Internet tourism service provider Tuniu.com held its tenth anniversary strategy conference and announced that they will become a multi-faceted …

Didi Chuxing's new joint venture with Volkswagen China is set to come online in the coming months. According to Didi, …