Shenzhen-listed Chinese conglomerate China Baoan Group Co., Ltd. has won approval from the China Securities Regulatory Committee to increase its stakes in lithium-ion battery materials manufacturer BTR China, allowing exits for BTR's venture backers including Qiming Venture Partners and JD Capital, according to a securities filing. The deal, initially announced in May, will see China […]

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The Emerging Markets Private Equity Association (EMPEA) says that it has elected Robert Petty, managing partner and co-founder of Asia-focused special situations investment firm Clearwater Capital Partners as the next chairman, according to an announcement. Petty was unanimously elected by the EMPEA board to a two-year term starting in January 2015. He previously joined the […]

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Bankers’ arrests appear to be targeting political patronage networks

The Longreach Group, the US$1.4 billion-under-management private equity firm with offices in Hong Kong and Tokyo, says it has acquired 100% stake of Japanese bridal ring specialty stores operator Primo Japan Inc. for an undisclosed amount from an affiliate of Baring Private Equity Asia, according to a company announcement. Primo Japan specializes in the production […]

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Everbright Securities Company Limited, one of the largest securities brokerage firms in China, says it has entered into a sales and purchase agreement with Hong Kong's financial services firm, Sun Hung Kai & Co. to acquire 70% of its wholly owned subsidiary, Sun Hung Kai Financial Limited, for HK$4.1 billion (US$530 million), according to a […]

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Beijing-based online home renovation service platform iKongJian.com has raised RMB60 million (US$9.6 million) series A financing led by Shunwei Capital, a private equity and venture investment firm founded by Lei Jun, the founder of Chinese smartphone maker Xiaomi Inc., according to the company's official Weibo account. Chinese venture firm H Capital also participated in the […]

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Beijing-based online customized travel services platform Uthing.cn says it has completed US$10 million series A financing led by Korea Investment Partners, Chinese property and investment company Mylin Holding Group, and Tsinghua Unisplendour Shunfeng Investment, according to an announcement the company made at a Beijing press conference. The financing round values the company, founded in March […]

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Boading home of Yingli put in the shade in environment ministry’s 74-city survey

The approach of the 70th anniversary of Japan’s defeat in World War II has sparked much discussion of East Asia’s resurgent historical feuds. But recent tensions in the region may partly reflect a lack of progress in another, overlooked area: Japan's failure to revise the "peace constitution" imposed by the US in 1947.