Shenzhen-based installment payment e-commerce platform Fenqile has received a strategic investment from e-commerce platform JD.com. The two parties plan to work together to create better online financial services to China's youth, according to a statement posted on Fenqile's Weibo account. No specific deal terms were disclosed. In December 2014, Fenqile just completed undisclosed series B […]

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The meltdown at the Fukushima Daiichi power plant has spurred reforms in the field of nuclear safety, but when it comes to nuclear security, complacency remains a major problem. In particular, governments must not neglect the need to protect their citi…

Israeli venture capital firm Jerusalem Venture Partners has received an undisclosed investment from Chinese e-commerce giant Alibaba Group Holdings, according to media reports. The investment is reportedly valued at tens of millions U.S. dollars. Alibaba will become a strategic partner of the venture firm. Founded in 1993, Jerusalem Venture Partners invests in start-up companies in […]

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It would be good if the lender were white as snow. But this is a fallen world

China's HSBC flash manufacturing purchasing managers index (PMI) slipped to 49.2 in March, from a final reading of 50.7 and a flash reading of 50.1 in February. It is an 11-month low for the index. "The (reading)…signaled a slight deterioration in the health of China’s manufacturing sector in March. A renewed fall in total new […]

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Beijing steps in to regulate square-dancing, the exercise of choice for millions of retired women

Quandary over invitation to second world war commemoration display in Tiananmen Square

Forecast, based on low oil prices, is even more bullish than Beijing’s own

A Yahoo senior vice president reportedly announced via an internal email that they will close their research and development center in Beijing. According to reports in Chinese local media, the shutdown of the Beijing R&D center is a part of the company's global layoff plan. An internal employee revealed that Yahoo will offer "N+4" compensations […]