Teachers and university professors in Beijing say they have been ordered to toe the party line

As with all political successions, Saudi Arabia’s was inevitable. But it was not inevitable that King Abdullah’s demise – and the emergence of Crown Prince Salman as his heir to the throne – should come at a time of peak instability in a region already buffeted by the type of change that the House of Saud welcomes least of all.

China spent much of 2014 seeking to revive the concept of “Asia for the Asians” that Japan proclaimed seven decades ago, when it was an imperial power seeking to impose its will on the region. But that effort may not end as badly for China as it did for Japan.

Although 2014 was the strongest year of private equity investments since the global financial crisis, the majority of private equity fund managers are looking to invest even more this year, potentially setting 2015 for another banner year in terms of private equity investments, according to a report by data tracker Preqin. After interviewing 260 private […]

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Horizons Ventures, a private investment arm of Hong Kong Billionaire Li Ka-Shing, has led a US$23 million series A financing round for Portola Valley, California-based augmented reality hardware and software company Meta, according to an official announcement. Veteran venture capitalist Tim Draper, BOE Optoelectronics, Y-Combinator Partners, Danhua Capital, Commodore Partners, Zappos' founder Tony Hsieh’ Vegas […]

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Country’s growth fell to slowest pace in quarter of a century

Chinese e-commerce giant Alibaba Group Holdings has reportedly invested US$10 million in Santa Monica, California-based gaming console operator Ouya Inc., according to media reports. The proceeds will be used to incorporate Ouya’s software and database of over 1,000 games into Alibaba’s set-top box. Founded in 2012 by Julie Uhrman , Ouya is a new kind […]

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Chinese maternal and child supplies e-commerce operator Beibei.com announced that the company has closed its third round of investment. The round totaled USD100 million and its investors included Capital Today, New Horizon, Banyan Capital, and IDG Capital Partners. On the completion of the financing, Beibei.com will be valuated at nearly USD1 billion. Beibei.com was launched […]

Alibaba Health Information Technology Limited has signed a strategic cooperation framework agreement with Shanghai Kingstar Winning Software to launch a range of e-medical services. According to the agreement, the two parties will share resources and collaborate in medical services, health services, pharmaceutical distribution, regulation, and medical insurance risk control. Financial terms of the deal were […]

Its economy has become the world’s largest but a credit-fuelled construction binge threatens growth