Shanghai-based Chinese online game developer Shanda Games Ltd. says that it has received a preliminary non-binding proposal on January 27th from its controlling shareholder Shanda Interactive Entertainment Ltd. and an affiliate of Primavera Capital to take the NASDAQ-listed company private. The investors, who together already own around a 76.2% stake of Shanda Games, plans to […]

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Beijing-based China International Capital Corporation (CICC) has signed a memorandum of understanding with Qianhai Financial Holdings, a wholly-owned subsidiary of the Administrative Bureau of Qianhai Economic Zone in Shenzhen, to establish a joint development fund, according to an announcement. The CICC Qianhai Development Fund will target to raise a total of RMB20 billion ($3.3 billion). […]

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The author is ANZ greater China chief economist Li-Gang Liu The story of a potential default of a trust product in China over the past week has increased the concerns on the risks of China’s trust products and wealth management products (WMPs). While the default has been avoided, it raises the question of how risky […]

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Zhu Changhong, chief investment officer at SAFE, the agency that manages China’s foreign exchange reserves, returns to private sector

In this year of ubiquitous commemorations, the centennial of Jan Karski’s birth has been largely overlooked. And yet Karski’s legacy is more important than ever – nowhere more so than in Syria.

The efficacy of timely and sincerely delivered apologies in defusing personal tensions cannot be doubted. Is the same true for national diplomacy?

Foreign ministry says NYT journalist breached regulations but many see the threat to expel Austin Ramzy as a warning to the international media

After number of people affected by H7N9 strain of bird flu almost doubles in a week, several of the country’s cities close poultry markets

China's venture capital fundraising totaled $1.97 billion in 2013, only half the amount raised during 2012, according to a report released by DJX VentureSource. Venture-backed IPOs also experienced massive declines. A total of 15 venture firm-backed IPOs were completed in 2013, a drop of 67% from 2012 and 85% fewer than in 2011. 2013 saw […]

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German mass media company Bertelsmann says its Bertelsmann Asia Investments fund has completed two exits in China, receiving a total of $71 million in proceeds, according to a company announcement. Bertelsmann sold its stake in Chinese automobile industry content and marketing services firm BitAuto to unidentified buyers for $65 million. Bertelsmann invested $12 million in […]

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Los Gatos, California-based sports wearable technology firm Zepp Labs Inc. has raised $15 million in series B funding led by GGV Capital, according to a company announcement. Legend Capital, Bertelsmann and Cherubic Ventures also participated in the round. The investment was completed in December 2013. Zepp Labs previously received $5 million series A funding from […]

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Analysts worry the bailout of Credit Equals Gold No.1 product will reinforce people’s belief trusts bought through banks will always be secure

Boston-based investment management firm State Street Corporation says it will open a new office in Shanghai under its Alternative Investment Solutions (AIS) business, which focuses on real estate and private equity, according to a company announcement. The new office will also support State Street's strategic hedge fund clients. "We believe our approach to providing integrated […]

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China’s National Development and Reform Commission unveiled a new hydro-power on-grid tariff pricing mechanism on 22 January. The proposed hydro-power tariff mechanism aims to make investments in the sector more appealing by raising hydro-power tariffs, which currently averages around 30% less than coal power tariffs. Nearly 70% of China’s current power consumption is met by […]

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The author is Nomura economist Zhiwei Zhang China's GDP growth slowed to 7.7% in the fourth quarter 2013 from 7.8% in the third quarter, but the labor market in China tightened further. The labor market demand-supply ratio rose to 1.10 in the fourth quarter from 1.07, implying that for every 100 job seekers in China, […]

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History shows that the longer a credit hot streak lasts, the more likely it is to end abruptly. The risks grow every day that the binge continues

Chinese third-party Internet payment company Alipay.com announced that the company has launched its Alipay Wallet service, mobile payment with QR codes, in 336 OK convenience stores, 90 Bonjour cosmetics stores and 10 Giordano apparel retail stores in Hong Kong. This move marks the beginning of Alipay's O2O expansion to overseas markets. Prior to this, the […]