Hangzhou-headquartered Chinese e-commerce giant Alibaba Group Holding has agreed to take a 50% stake in Guangzhou Evergrande Football Club for RMB1.2 billion (US$192 million), according to media reports. After the completion of Alibaba's investment, the club's current owner, Evergrande Real Estate Group Ltd., will see its 100% stake reduced to 50%. The winner of last […]

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The International Monetary Fund cuts its 2015 growth forecast for China amid concerns of a property market slowdown and a build-up of credit

Shanghai-based Chinese consumer water purification supplier Ozner Water International Holding Ltd. is planning to raise US$147 million in an IPO in Hong Kong, according to a securities filing the company submitted to the Hong Kong Stock Exchange on June 5. New York-based Och-Ziff Capital Management Group LLC has committed to buy US$40 million shares at […]

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Chinese Foreign Minister Wang Yi’s upcoming visit to India is about more than getting acquainted with the country's new government. The leaders of both countries will be taking one another’s measure, and their conclusions will determine how the relationship between the world’s two most populous countries evolves.

Global private equity fund-of-funds manager Pantheon has raised close to US$1 billion for its second global infrastructure fund, according to media reports. Pantheon did not respond to requests to confirm the news. With US$28.8 billion under management, Pantheon's latest infrastructure fund has a fundraising target of US$700 million. The fund will be focused on making […]

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Zhou Fengsuo enters China unimpeded to mark 25 years since the Tiananmen Square killings by visiting at the exact time the massacre began

Jinzhou, Liaoning province-based Chinese special chemicals firm Tianhe Chemicals Group Ltd. is planning to raise between US$600 million to US$800 million in an Hong Kong IPO, according to media reports. In March 2012, Morgan Stanley Private Equity Asia (MSPEA) invested US$300 million in Tianhe for an undisclosed significant minority stake. As part of the deal, […]

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The author is Khoon Goh, senior forex strategist at the Australia and New Zealand Banking Group We believe the RMB exchange rate to the U.S. dollar is close to peaking. The RMB will see a period of stability. China's central bank will guard against further sharp depreciation of its currency. With the Chinese economic data […]

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The joint venture agreement between CR Vanguard and Tesco has been approved by Chinese authorities, and the two parties will form a diversified retailing joint venture for businesses in Greater China. The joint venture will be responsible for hypermarkets; supermarkets; convenience stores; cash and carry business; and liquor specialty store business in Greater China, including […]

Allegations included encouraging unauthorised use of drugs, including describing one antidepressant as the ‘happy, horny, skinny pill’

People poured into Victoria Park on Wednesday evening for the only public event in China in memory of those who died in the June 4 1989 massacre