Zhou Yongkang is the latest senior figure to fall victim to China’s anti-corruption campaign
2014-07-29
Newly-founded private equity firm Apis Partners has launched a growth capital fund focused on financial technology investments in Asia and Africa, planning to raise between US$250 million and US$300 million for its maiden fund, according to media reports. Matteo Stefanel, former partner in emerging market private equity firm Abraaj, together with Udayan Goyal, founder of […]
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2014-07-29
Launch of a public, if carefully stage-managed, investigation into Zhou Yongkang will lend teeth to President Xi Jinping’s anti-corruption campaign
2014-07-29
Asian private equity house PAG has made a partial exit from Chinese brokerage firm Haitong Securities Co.,Ltd., selling 130.7 million shares for a total proceeds of HK$1.7 billion (US$219 million) via a private share placement, according to media reports. PAGAC Horseshoe Holding I Ltd., a subsidiary of PAG, sold shares from HK$13.24 to HK$13.29 per […]
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2014-07-29
Shanghai-based online-to-offline (O2O) service provider Dianwoba.com has received US$10 million in series B financing, according to Chinese news reports. Details of the investment are not disclosed. Dianwobo.com previously received US$2 million in series A financing from Gobi Partners. The proceeds will be used for expanding the business into Beijing, according to Gobi’s official website. Dianwoba […]
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2014-07-29
The newly-formed Alliance for Peace and Democracy has collected nearly 1m signatures aimed at countering Occupy Central’s protest threat
2014-07-29
In a region where crises seem to be the norm, the Middle East’s latest cycle of violence suggests something bigger: the beginning of the dissolution of the Arab nation-state, reflected in the fragmentation of Sunni Arabia. And, as state authority weakens, tribal and sectarian allegiances strengthen.
2014-07-29
British investigator Peter Humphrey and his American wife Yu Yingzeng charged with ‘illegally obtaining private information about citizens’
2014-07-29
Many flights into some of the country’s busiest airports are cancelled, adding to weeks of chronic flight delays caused by PLA drills
2014-07-29
Chinese venture capital fundraising rose to US$3.06 billion across 13 funds during the second quarter, the highest quarterly number since the fourth quarter 2011, according to the latest data released by Dow Jones VentureSource. Venture capital fundraising for the first half of 2014 stood at US$4.27 billion across 19 venture capital funds, over three times […]
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2014-07-29
The China Banking Regulatory Commission (CBRC) has approved the establishment of five local asset management companies in preparation for a surge of bad loans from Chinese banks, according to Chinese media reports. The provinces of Guangdong, Zhejiang, Jiangsu and Anhui, as well as the city of Shanghai are to set up their own local "bad […]
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2014-07-29
Beijing-based peer-to-peer (P2P) financing platform Huaguo Finance has received series A financing from two government-backed investment funds, according to a company announcement. The Blue Economy Zone Industry Fund and Capital Science and Technology Group invested an undisclosed amount in Huaguo Finance. No further details are disclosed. Established by China's National Development and Reform Commission, the […]
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2014-07-29
What is going on in China fits a pattern of Beijing pushing reform, pausing to avoid too much disruption, then pushing reform again
2014-07-29
China's Internet group buying trading volume reached a new peak of CNY5.93 billion in June, representing a year-on-year increase of 127%. Chinese independent group buying navigation website Tuan800.com recently published its Chinese group buying market statistics report for June 2014, which stated that 95.229 million people participated in group buying during the month, a year-on-year […]