This Christmas, thousands of worshipers and tourists will travel to the Middle East to celebrate in the land of the Bible. At a time when the Arab world is aflame with sectarian strife, the observance of the Christian holiday is a sad reminder of the f…
2014-12-17
Dutch insurer Delta Lloyd NV says that it has reached an agreement to sell its banking unit Delta Lloyd Bank Belgium to China's Anbang Insurance Group Co. Ltd. for €219 million (US$273 million), according to a company announcement. The deal is the third major overseas acquisitions revealed by Anbang in a short three-month period. In […]
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2014-12-17
Beijing-based advertising and marketing firm Bluefocus Communication Group Co., Ltd. is planning to acquire 85% of Canadian advertising and public relations firm Vision7 International Ulc for RMB1.12 billion (US$180 million), according to a regulatory filing. The remaining 15% stake will be held by the management team of Vision7 Intentional. The deal has won the approval […]
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2014-12-17
Beijing-based online gaming developer Linekong Interactive Co., Ltd., backed by a long list of venture capital and private equity investors, says that it will delay and potentially reduce the size of its planned Hong Kong IPO, according to a regulatory filing. The company did not say the reasons behind the change. Linekong previously planned to […]
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2014-12-17
Beijing-based Chinese hotpot restaurant chain Xiabuxiabu Catering Management (China) Holdings Co. Ltd., backed by global growth equity firm General Atlantic, has completed an IPO on the Hong Kong Stock Exchange, raising net proceeds of around HK$1 billion (US$130 million), according to a regulatory filing. The company offered 227.1 million shares at HK$4.70 per share, the […]
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2014-12-17
The author is Alex Wolf, emerging markets economist at Edinburgh-headquartered asset manager Standard Life Investments In a year that saw the oil price collapse by half, Russia invade Ukraine, an unprecedented number of elections, and China struggling to manage a domestic slowdown, there has been no shortage of political risk to take account of across […]
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2014-12-17
The author is founder and CEO of T.H. Capital Tian X. Hou Qihoo just announced that it formed a joint venture with Chinese smartphone maker Coolpad, in which Qihoo will focus on building a mobile ecosystem to drive its future development in the mobile world. Coolpad is about 11.2% of China Mobile’s user base, 8.4% […]
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2014-12-17
Chinese security software firm Qihoo 360 Technology Co. Ltd. says it has invested formed a strategic partnership with Chinese smartphone maker Coolpad Group Limited, and it is investing US$409 million in cash to take a 45% stake in a joint venture to be established with Coolpad, according to a company announcement. The joint venture will […]
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2014-12-17
Asia-focused private equity fund-of-funds (FoF) manager Asia Alternatives Management LLC has raised over US$68.8 million for its fourth fund, named Asia Alternatives Private Equity Partners IV, LLC , according to a regulatory filing. The new fund has raised commitments from 19 limited partners, and is targeting to raise a total of US$950 million. Asia Alternatives, […]
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2014-12-17
Growth forecast for China is revised downward to 7.4% in 2014 from 7.5% previously, and to 7.2% from 7.4% for 2015, says the Asian Development Bank (ADB) in a new report. The bank is forecasting gross domestic product (GDP) growth for the Asian region of 6.1% in 2014, down from 6.2% expected in September, and […]
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