In just the first few months of 2015, more than 38,000 people have attempted to reach Europe by crossing the Mediterranean from North Africa, and some 1,800 people have died as a result – more than twice the number of such deaths in all of 2013. Most are refugees entitled to request asylum, which makes the EU's inaction unacceptable.

It is as useless to lament the shift in global power and influence away from the heartlands of the West as it is to try to predict this shift’s political consequences. But if the sorry story of FIFA is any indication, one conclusion rings true: Whatever the form of government prevailing in today’s world, money still rules.

China's Hainan Airlines Tourism Group and Lede Technology, a subsidiary of NetEase, have formally signed a cooperation agreement in Hangzhou to establish a new online travel company. Financial terms of the arrangement were not immediately available. HNA and NetEase had previously signed a strategic cooperation framework agreement in December 2014. Based on the framework agreement, […]

Shenyang, Liaoning province-based Chinese bio-pharmaceutical firm 3SBio Inc., backed by CITIC Private Equity Funds Management Co. (CITIC PE), is seeking to raise as much as US$712 million in a Hong Kong initial public offering, according to a securities filing. The company is offering 606.1 million shares at HK$8.30 to HK$9.10 apiece, with a valuation of […]

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Shenzhen-based Chinese consumer drone maker SZ DJI Technology Co. has jointly launched a US$10 million investment fund with venture capital firm Accel Partners to back start-ups in the unmanned aerial vehicle (UAV) industry, according to an article posted on DJI's Twitter account. The 50-50 joint investment vehicle, named the SkyFund, will raise additional capital in […]

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Mr Xi’s project is about expanding and securing maritime routes to the Middle East and Europe

Shanghai Composite seven-day winning streak ends with a bang

‘Hotel king’ first of 46 in court after President Xi Jinping’s ‘Sin City’ clampdown

Return of former majority shareholder does not help minorities

Cathay Capital Private Equity has invested in Cabio Bioengineering (Wuhan) Co., Ltd., a Chinese company that focuses on natural food ingredients production, according to a company announcement. Cathay Capital, investing through its Sino French (Midcap) Fund, is to hold a 25% minority stake in the company after the completion of the transaction. Financial details were […]

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SEC demands correspondence with Wang Qishan and other Chinese officials

In their quest to deepen ties with the EU, Georgia, Moldova, and Ukraine are taking serious risks and enduring considerable hardships. The longer the EU responds to these efforts with indifference and indecision, the faster it will drive its eastern “partners” into Russia’s embrace.

It is possible that the AIIB will even exceed the standards of existing development lenders