China today is facing many similar problems Japan did in the late 1980s and early 1990s. The ultimate non-performing loan (NPL) ratio in China in this credit cycle could be much higher than Japan's worst of over 8%, and could end up with a significantly high double-digit figure, says a BofA Merrill Lynch Global Research […]

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Nomura Asset Management Co., Ltd. says that it has established a joint venture with Shenzhen Hua Xia Ren He Capital Management Co., Ltd. to set up a Qualified Foreign Limited Partner (QFLP) fund in the Qianhai Economic Zone in Shenzhen, China, according to a company announcement. The city of Shenzhen has granted a QFLP license […]

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Beijing-based P2P (Peer-to-Peer) lending platform Jimubox.com has received US$37.19 million series B financing led by Chinese smartphone maker Xiaomi Inc. and Shunwei Capital Partners, according to Chinese media reports. Matrix Partners China, Vertex Venture Holdings Ltd., a wholly-owned subsidiary of Singapore's Temasek Holdings, Magic Stone Alternative and existing investor Ventech China all participated in the […]

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Healthcare-dedicated investment firm OrbiMed Advisors has closed a US$325 million Asian fund, above its US$300 million target and much larger than its first Asian vehicle with US$188 million launched in 2008, according to media reports. The new fund is to focus on investing in drug developers, diagnostics firms and medical device manufacturers in the region. […]

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US President Barack Obama, concerned about his party’s ability to retain control of the Senate, has decided to put off immigration reform until after the election in November. But a new survey, conducted in both Europe and the US, suggests that avoiding the issue is a serious mistake.

Genron/China Daily survey finds 93% of Japanese have an unfavourable view of their neighbour, while 86% of Chinese view the Japanese negatively

The Carlyle Group has reached a final close of its fourth Asian fund, Carlyle Asia Partners IV, at US$3.9 billion, exceeding its target of US$3.5 billion and over 50% larger than its third Asian fund, according to a company announcement. With the latest close, Carlyle's assets under management in Asia (including Japan) has increased to […]

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CDH Venture, the venture capital division of Beijing-based alternative investment firm CDH Investments, has closed a third venture capital fund at over US$100 million, short of its US$150 million target, according to media reports. The latest fund is much smaller than CDH Venture's first two U.S. dollar funds, the US$200 million fund I and US$500 […]

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Wang Jianlin, chairman of Wanda Group, announced Wanda Department Store's performance for the first half of 2014, stating that its revenue increased by 62% year-on-year to CNY11.13 billion, beating 44% of its annual target and completing 108% of its semi-annual target; meanwhile, its net profit also exceeded targets. According to Wang, this was the first […]

Alipay and Huawei announced that the two parties have worked together in the launch of standard solutions for fingerprint payment in China. In this partnership, Alipay is responsible for creating more convenient payment experience to users, while Huawei provides devices and payment technologies.The new fingerprint payment function was officially available on September 4, 2014. Alipay's […]

Chinese search engine company Baidu invested USD10 million in IndoorAtlas Ltd, an indoor navigation technology company, as the company aims to expand indoor map services in buildings and commercial centers. According to reports in foreign media, Baidu signed an exclusive agreement with IndoorAtlas Ltd for the Chinese market. However, both of the two parties have […]