Shanghai-based chip design services firm Brite Semiconductor has secured US$8 million series C financing from Norwest Venture Partners (NVP), Gobi Partners, and Semiconductor Manufacturing International Corporation, according to a company announcement. The proceeds will be used on further research and development of the company's products and services. In 2010, the company received US$15.9 million series […]

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Boston-based private equity firm Bain Capital is planning to seek US$2.5 billion to US$3 billion for its third Asia-focused fund, and will begin the fundraising process in the next few months, according to media reports. The investment vehicle will focus on China, Japan, India and Australia. Bain Capital's second Asia-focused fund closed with US$2.3 billion […]

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Hebei province-based dairy firm Zhongding Dairy Farming has received RMB400 million (US$64 million) financing from CDH Investments and other undisclosed investors, according to Chinese media reports. Among the investors, CDH agreed to inject RMB140 million (US$23 million). The company will use the proceeds to expand its dairy assets network. Founded in May 2013 by former […]

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No crystal ball is needed to foresee the impact on Britain of withdrawal from the EU. As former European Commission President José Manuel Barroso put it in December, “I have never seen in all my years in the European Council…a big country as isolated as Britain."

Workers launch industrial action over housing allowance payments

Suspiciously affordable versions of the devices are already on offer on Chinese websites

Steep deceleration in virtually all economic indicators

The world's leading sportswear brand Adidas recently announced its performance for 2014 financial year, stating that its sales in Greater China reached EUR1.811 billion, a year-on-year increase of 10%. This reportedly represented Adidas' sales growth in Greater China for five consecutive years since the 2010 financial year. According to the report, if disregarding the change […]

Hong Kong's geographic proximity to mainland China belies the gulf in business practices, Internet laws, and access that Twitter will find between the refined transparency of Hong Kong and the nuances and perils of the mainland Chinese Internet sector. Twitter announced plans this week to open an office in Hong Kong. Though the company says […]

Xiaomi's global vice president Hugo Barra revealed during Mobile World Congress 2015 that the company plans to launch its online store in the European market for the sales of accessories. Like its American online store, Xiaomi's European online store will mainly be a brand display channel in the overseas market and it will be used […]