Changsha city-based Laobaixing Pharmacy Chain, backed by EQT Partners, has completed an initial public offering in Shanghai, raising a total of RMB1.01 billion (US$163 million), according to a regulatory filing. Laobaixing Pharmacy sold 67 million new shares at RMB16.41 apiece, in a delayed IPO that was originally planned for 2012. In 2008, EQT Greater China […]

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During his presidency, Barack Obama has recognized that America’s only hope for influencing isolated countries’ behavior is to engage directly with them. While this has proved remarkably successful as a bilateral strategy, continued US global leadership will require Obama’s successor to move beyond bilateral engagement.

During his presidency, Barack Obama has recognized that America’s only hope for influencing isolated countries’ behavior is to engage directly with them. While this has proved remarkably successful as a bilateral strategy, continued US global leadership will require Obama's successor to move beyond bilateral engagement.

Several provincial governments have been forced to postpone bond auctions

Around six preliminary bidders, including UBS AG, Singapore's Temasek Holdings and French bank BNP Paribas, are to acquire up to a 10% stake in state-owned Postal Savings Bank of China (PSBC) for at least US$3 billion, according to media reports. The stake sale comes before PSBC's planned initial public offering next year, which could raise […]

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Beijing-based Chinese private equity firm Hony Capital has achieved a profitable full exit from Hong Kong-listed Chinese IT application developer, Chinasoft International Limited, according to a securities filing. Hony Capital sold 335 million shares at HK$3.93 per share, a 10.07% discount to the closing price of HK$4.37 on April 22, for total proceeds of HK$1.32 […]

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Chinese B2C e-commerce provider JD.com formally launched its cross-border Internet shopping services, which allows Chinese users to conveniently purchase quality products from many countries and regions such as the U.S., France, U.K., and Japan. This new platform will first offer over 150,000 kinds of products and 1,200 brands in 450 stores. Those products cover maternal […]

Though three months of negotiations between the Greek government and its European and international partners have brought about much convergence, they have not yet produced an agreement. What steps are needed to produce a viable, mutually acceptable re…

Though three months of negotiations between the Greek government and its European and international partners have brought about much convergence, they have not yet produced an agreement. What steps are needed to produce a viable, mutually acceptable re…