The recent attack on Charlie Hebdo does not mean that freedom of expression is under any serious threat in Western Europe; nor does it indicate that Islamic radicalism is about to engulf Western societies. The threat that it does highlight is a less publicized one: the resurgence of discrimination and violence against Europe’s Jews.
A great idea in theory is more difficult to put into practice
Global economic stagnation is no reason for India to lower its ambitions, though maintaining the growth it needs will require the country to rethink its economic approach. That means looking to regional and domestic demand, strengthening the country's …
Chinese e-commerce giant Alibaba Group Holdings plans to set up a non-profit Hong Kong Young Entrepreneurs Foundation that aims to raise HK$1 billion (US$129 million) in total capital to boost entrepreneurship among young people in Hong Kong, according to Alizila, Alibaba's affiliate news website. The Alibaba Hong Kong Young Entrepreneurs Foundation will provide financial and technical […]
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White-collar workers complain of low-grade presents from bosses as spring festival fails to deliver traditional cheer
Regulatory uncertainty could still cause disruption, LBMA warns
Macau's gross gaming revenue is likely to continue to fall this year as the Chinese government continues to stamp out corruption and the effect of tightening regulation begins to manifest itself, says a research report by rating agency Standard & Poor's. Standard & Poor's has lowered its growth forecast for Macau's gross gaming revenue in […]
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Shanghai-based female fashion e-commerce platform Ichuanyi.com has received around US$10 million series B financing from Chinese e-commerce platform JD.com, Inc. and Vertex Venture Holdings, a wholly-owned subsidiary of Temasek Holdings, according to Chinese media reports. The proceeds will be used to build a high quality supply chain system and a brand service center, as well […]
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Zhejiang province-based Internet investment management platform Cgtz.com has received at least US$10 million series A financing from Shunwei Capital, a venture capital fund co-founded by Chinese smartphone maker Xiaomi Inc.'s founder Lei Jun, according to a company announcement. The platform is a business-to-customer (B2C) debt investment portal, providing various investments products for the individual and […]
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Guangzhou, Guangdong province-based online plastic trading platform Zhaosuliao.com has received US$20 million series A financing from Qiming Venture Partners and IDG Capital Partners, according to a company announcement. Matrix Partners China and angel investor Li Zhujie also participated in the round. Li Zhujie is also an angel investor in Zhaogang.com, a similar steel trading platform […]
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Beijing-based Wowo Limited, which operates Chinese group-buying site 55tuan.com, has increased its planned U.S. initial public offering size by 62.5% to US$65 million, according to a security filing. On January 9, Wowo filed with the U.S. Securities and Exchange Commission to raise up to US$40 million in a NASDAQ IPO. Investors are cautious of the […]
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New credit fell last year for only the third time since 2002 as efforts to limit financial risks show results
Beijing-based Internet financing platform Lantouzi.com has received US$21 million series A financing from Ceyuan Ventures, Bertelsmann Asia Investments (BAI), and Source Code Capital, according to a company announcement. An existing individual investor Xia Zuoquan also participated in this round. In 2014, the company received an undisclosed amount of series A financing from Sequoia Capital and […]
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Alibaba and its executives may feel the sting of American jurisprudence as law firms line up for possible class action lawsuits in the United States against the Chinese e-commerce company. At least five law firms so far have expressed intentions to commence class actions against Alibaba. For example, a complain from Robbins Geller Rudman & […]
Departure from troubled Chinese group follows $380m of asset sales to rival Sunac
Facebook will reportedly set up a new office in Taiwan which will be engaged in platform advertising sales. Facebook said in a statement that the company will establish a small team in Taipei. This team will mainly be responsible for contacting local Taiwanese enterprises and application software developers and providing technical support to them. Facebook […]
Chinese group remains in talks with council as deadline passes