The Peshawar massacre was not the first time that Pakistan, the world’s leading state sponsor of terrorism, became a terror victim. But the attack has underscored how the contradiction between battling one set of terror groups while shielding others for cross-border undertakings has hobbled the Pakistani state.
2014-12-22
Far more Chinese celebrate the tradition than believe in it
2014-12-22
Unified registry will help stop officials stashing ill-gotten wealth in real estate
2014-12-22
Yi Gang, the deputy governor of the People's Bank of China, says that the country's currency is likely to remain stable in the future, according to remarks he made at a conference in Beijing. It is because China's current account surplus has decreased in relation to its GDP, and the Chinese capital markets will become […]
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2014-12-22
Beijing-based Chinese smartphone maker Xiaomi Inc. has completed over US$1 billion new round of financing led by All-Stars Investment Ltd., an investment firm founded by former Morgan Stanley China media and Internet analyst Richard Ji, according to media reports. Xiaomi could not be reached for confirmation of the news. Chinese private equity firm, Hopu Investment […]
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2014-12-22
China's State Council issued rules requiring Chinese property owners to register their real estate holdings with authorities, effective on March 1, 2015, according to an announcement on the government's official web portal. Signed by Chinese Premier Li Keqiang, the rule aims to create a nationwide property database that will be increasingly shared among different government […]
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2014-12-22
Chinese property developer Dalian Wanda Commercial Properties Co., controlled by Chinese billionaire Wang Jianlin, has raised HK$28 billion (US$3.7 billion) in an IPO on the Hong Kong Stock Exchange, according to a regulatory filing. Wanda issued 600 million new shares at HK$48 per share, near the higher end of an indicative price range of HK$41.8 […]
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2014-12-22
Beijing-based technology and science online community Guokr.com has completed US$20 million series C financing led by New York Stock Exchange-listed Chinese education firm TAL Education Group, according to a company announcement. IDG Capital and other unnamed investors also participated. There are no information available on the company's previous financing rounds. Founded in 2010, Guokr says […]
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2014-12-22
Hong Kong retained its position as the world’s most expensive high-street retail destination, with Beijing once again ranked amongst the top ten in the third quarter of 2014, according to the latest research from global property advisory firm CBRE Group, Inc. "Even with the somewhat gloomy economic headlines, consumer demand is reasonably firm in the […]
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2014-12-22
Beijing-based Chinese travel mobile app maker BreadTrip has completed US$50 million series C financing led by Tencent Holdings Limited, according to a report by Tencent's web portal. Fidelity Growth Partners Asia and existing investor China Broadband Capital also participated. The company will use the proceeds on recruitment and expanding its communities to more overseas tourism […]
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2014-12-22
Beijing-based Chinese discount group buying platform Meituan.com has raised US$700 million in series D financing led by existing investor Sequoia Capital, according to Chinese media reports. Other unnamed investors also participated, and the financing round values the company at over US$5 billion. Meituan.com can not reached for confirmation of the news. Founded in 2010, Meituan.com […]
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2014-12-22
Washington appeals to China, erstwhile cyber foe, for help