In 2014, China and Russia ostensibly made great strides in advancing their economic and diplomatic cooperation, leading many to predict a revival of the Cold War alliance system of the mid-twentieth century. But the two countries are unlikely to be abl…

Local governments engage in destructive cycle to prop up property prices

Assisting Ukraine to defend itself against Russian aggression would have a stimulative effect not only on Ukraine, but also on Europe. That is why the EU ought to be even more committed to helping Ukraine than it is to imposing sanctions on Russia.

Beijing-based Chinese private equity firm Hony Capital has canceled a plan to acquire Chinese restaurant chain Chongqing Cygnet Hotpot, due to irreconcilable disagreement on management styles between the two parties, according to a Chinese news report. "Hony and we both want to develop the business of Chongqing Cygnet to a bigger and better scale. Our […]

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‘Nearly 1m’ couple take advantage of new rules, meaning policy could be relaxed further

Probe into counter-intelligence chief may be linked to cases of Zhou Yongkang and Ling Jihua

China's e-commerce giant Alibaba Group Holding and its affiliate Ant Financial Services Group have agreed to invest around US$575 million in Indian online-payment and marketplace platform One97 Communications, according to media reports. Representatives of Alibaba did not respond to inquires to confirm the news. Upon the completion of the transaction, Alibaba and its affiliate will […]

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Beijing-based Wowo Limited, which operates Chinese group-buying site 55tuan.com, has filed with the U.S. Securities and Exchange Commission to raise up to US$40 million in a NASDAQ IPO, according to a securities filing. No pricing information or timing of the IPO have been determined. The company announced its IPO plans three years ago, but it […]

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International sportswear brand Adidas has opened two specialty stores for women in the Sichuan city of Chengdu. In October 2014, Adidas opened its first women specialty store in Beijing and the company said they will open more such stores in 2015. This new store model targets the female consumer market, which is expected to help […]

Washington, D.C.-based global energy investment firm EIG Global Energy Partners has hired Liu Yangyang, formerly with Chinese sovereign wealth fund China Investment Corporation (CIC), as managing director and head of its Hong Kong office, according to information posted on the firm's website. Liu Yangyang joined the firm in 2014 after spending five years at CIC, […]

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Kingsoft Corporation Limited signed a joint operation framework agreement for games with Huaduo Group. Kingsoft said that the company and Huaduo Group agreed to establish a long-term business relationship to explore the cooperation in the area of the online games. In order to regulate the joint operation in games, the two parties entered into the […]

First International Telecom Corporation, the only telecom carrier that provides low-power communication system services in Taiwan, has announced its bankruptcy and its users will be taken over by other carriers. Founded in 1997, First International Telecom officially launched its personal handy-phone system business in 2001, making it the only Taiwanese telecom carrier that provides low-power […]