Executives at some of the world’s most powerful brands wonder if recent raids are part of a broader protectionist push from Beijing
Palo Alto, California-headquartered law firm Cooley has appointed Lee Pang as a partner in its global private investment funds group in its Shanghai office, according to Cooley’s announcement. Prior to joining Cooley, Lee was counsel in the asset management group of Shearman & Sterling's Hong Kong office, focusing on the formation and operation of various […]
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Beijing-based China Life Insurance Co. Ltd. has completed an acquisition of a minority stake of between 2% to 5% in U.S. private equity giant TPG Capital for US$250 million, according to a person with direct knowledge of the matter. The investment comes as TPG is reportedly preparing to raise a US$10 billion new global buyout […]
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Prime Minister Shinzo Abe is seeking legislation that would enable Japan to reinterpret the constitution to allow for “collective self-defense.” Given Japan's complex and unpredictable security situation, this is an important step in the right direction.
The Chinese government has reportedly excluded the American anti-virus company Symantec and Russian anti-virus company Kaspersky from its list of qualified suppliers. People's Daily, an official newspaper of the Chinese government, previously revealed via its social media channel that the Chinese government procurement department had excluded Symantec and Kaspersky from its information security software suppliers […]
Chinese online mobile gaming and virtual commerce trading platform Mo9 has completed tens of millions U.S. dollars series C financing, according to Chinese news report. Details of the investors are not disclosed. The Palo Alto, California-based company previously received several millions U.S. dollars series B financing from Bertelsmann Asia Investments (BAI) and Sequoia Capital in 2013. […]
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The Asian Development Bank (ADB) has appointed Columbia University’s professor of finance Wei Shang-Jin as its chief economist, according to the bank’s official announcement. Wei, who teaches at Columbia University’s Graduate School of Business located in New York City, will serve as ADB’s spokesperson on economic issues and head its economics and research department, which […]
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A continuing strong performance of global equity markets has driven the total value of stock trading to US$29.7 trillion during the first half of 2014, up 10% compared to the second half of 2013, according to new data released by the World Federation of Exchanges Ltd. In terms of regions, Europe, the Middle East and […]
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Barack Obama announces $14bn of investment by companies in energy infrastructure projects across sub-Saharan countries
Working with China on projects such as the Inga-3 hydroelectric dam in the Democratic Republic of Congo would help Washington keep central role
Talks over proposal for unprecedented co-operation gathered momentum at the annual China-US summit in July