The author is credit rating agency Fitch Ratings China's public debt audit shows the continued growth of local and regional government (LRG) debt and highlights the importance of LRG reforms announced in November. The Chinese National Audit Office (CNAO) released data showing that total LRG debt stood at RMB17.8 trillion ($2.9 trillion) as of June […]

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Shenzhen-based wedding ring custom designer BLOVES says that it has raised $30 million in series C funding led by Omaha Capital, according to a company announcement. Crystal manufacturer Swarovski, one of the shareholders of Hong Kong-based venture firm Omaha Capital, also participated in the investment. BLOVES previously received RMB30 million ($5 million) series A funding […]

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Beijing-based cloud service provider QingCloud has received $20 million series B funding, according to Chinese media reports. Lightspeed China Partners led the round. Matrix Partners China and existing investor BlueRun Ventures also participated. QingCloud previously received $2 million series A funding from BlueRun Ventures in 2012. The company says it will use the proceeds to […]

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Gaming revenue from the six casino operators in Macau reached $45.2 billion in 2013, up 18.6% year-on-year, according to the Macau Gaming Inspection and Coordination Bureau. Macau's gaming revenue for the month of December is up 18.5% year-on-year to $4.2 billion. Macua is the world's largest gambling center. The Las Vegas Strip generated $5.8 billion […]

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The two powers have very distinct strategic cultures with different objectives. But global stability depends on them avoiding a collision

A new Four Points by Sheraton and an Aloft hotel have opened in two Chinese cities. Starwood Hotels & Resorts Worldwide Inc. announced the opening of Aloft Yancheng in Jiangsu Province and the Four Points by Sheraton Bijie in Guizhou Province. Owned by Yancheng Powerlong Real Estate Development Company Ltd., the Aloft Yancheng is the […]

Lenovo has unveiled its first 4G LTE smartphone, the Lenovo Vibe Z. To complement the Vibe Z, Lenovo also launched a trio of smartphones, starting with the S930, a large 6-inch device primed for media addicts, the S650, a 4.7-inch compact workhorse, and the A859, a 5-inch high performance all-rounder. As Lenovo's first smartphone featuring […]

Shanghai-based China Media Capital (CMC) says that it has signed an agreement to acquire 21st Century Fox's 47% stake in Star China TV, according to a joint statement. Star China TV's management team is participating in the acquisition along with CMC. China Media Capital already owns a controlling stake of Star China TV. Formed in […]

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Over 300 IPOs are likely to be completed in China's A share market in 2014, raising as much as a total of $42 billion, close to the country's historical records, estimated by PricewaterhouseCoopers (PwC). The companies will mainly come from the manufacturing, retail and consumers, services and technology sectors. About 40 companies will IPO on […]

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