Closing the US Export-Import Bank would be a self-inflicted wound
2015-04-23
The nuclear framework agreement between Iran and the five permanent UN Security Council members plus Germany represents the triumph of rational hope over irrational fear. But now the race is on against hardliners in the US, Iran, Israel, and elsewhere,…
2015-04-23
The nuclear framework agreement between Iran and the five permanent UN Security Council members plus Germany represents the triumph of rational hope over irrational fear. But now the race is on against hardliners in the US, Iran, Israel, and elsewhere,…
2015-04-23
Hangzhou-based Chinese investment firm Cybernaut Investment Group has agreed to partner with Russia's state-backed Skolkovo Foundation to launch a US$200 million venture fund, a start-up incubator for Russian businesses, and a new Chinese robotics center, according to media reports. The US$200 million venture fund will invest in companies based in Skolkovo, Russia, in the IT, […]
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2015-04-23
Most of 100 fugitives sought by Beijing are public officials or SOE executives
2015-04-23
Beijing-based consumer service O2O (online-to-offline) platform Helijia has completed US$49.5 million series C round of financing led by Qiming Venture Partners, according to a Wechat post published by its founder. New investors, Maison Capital and GX Capital, as well as existing investors IDG Capital Partners and Broadband Capital, also participated. Founded in 2014, Helijia connects […]
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2015-04-23
Penalty closes a major probe into pricing practices at foreign carmakers
2015-04-23
Hong Kong-headquartered financial product comparison platform CompareAsiaGroup has completed US$40 million series A round of financing led by Goldman Sachs Investment Partners, according to a company announcement. Jardine Pacific, Nova Founders Capital, ACE & Company, Route 66 Ventures also participated in the round. Angel investors Mark Pincus, founder of Zynga, and Owen Van Natta, ex-chief […]
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2015-04-23
At Huawei's Global Analyst Summit, the company's rotating CEO and deputy chairman Xu Zhijun said Huawei will launch public cloud services in China in July 2015. This launch will put Huawei in direct cloud service competition with Alibaba's Aliyun service. Microsoft and Amazon already launched their public cloud services in China, but those services will […]
2015-04-23
Global private equity firm TA Associates has hired Daisy Cai in its Hong Kong office as director, focusing on investments in growth companies in China, according to a company announcement. Cai joins TA Associates from Goldman Sachs Investment Partners in Hong Kong, where she has been leading deal sourcing, due diligence, transaction execution and portfolio […]
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2015-04-23
China's HSBC flash manufacturing purchasing managers index (PMI) slips to 49.2 in April, from a final reading of 49.6 and a flash reading of 49.6 in March, reaching a 12-month low for the index. "Operating conditions in China’s manufacturing sector deteriorated slightly for the second month running in April…Production increased only marginally, while total new […]
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2015-04-23
Investment worth Rmb10tn is needed over next 5 years to finance green schemes, says central bank
2015-04-23
Edmond de Rothschild Asset Management has appointed Li Weiwei as head of Chinese equities, based in Hong Kong, according to an emailed statement. She replaces Hu Xing, who left the group in March to explore new professional opportunities. Li Weiwei will report to Thomas Gerhardt, head of emerging equities and commodities. "With the gradual opening […]
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2015-04-23
Hong Kong's largest broadcaster Television Broadcasts Limited (TVB) says that it has won government approval to accept investment from Li Ruigang, chairman of Chinese media conglomerate the Shanghai Media Group, according to a company announcement. Li Ruigang, who is also the founder CMC Capital Partners, will become a member of Young Lion Holdings Limited, an […]
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