China-focused distressed debt and special situations firm Shoreline Capital Management has closed its third fund, Shoreline China Value III L.P., with US$500 million in total capital commitment, according to media reports. A co-investment fund, Shoreline III Co-investment L.P., has also raised US$115 million, as stated in a regulatory filing. Shoreline, co-founded by Benjamin Fanger and […]

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Latest high-ranking official to fall in government campaign against corruption

Big gap between forecast and target suggests more easing ahead

Shanghai-based Internet insurance company Zhong An Insurance is to raise RMB5.775 billion (US$931 million) in its first round of financing and the deal has won regulatory approval, according to unconfirmed Chinese media reports. The fundraising amount is lower than the RMB9 billion (US$1.45 billion) reported previously. Five investors, including Morgan Stanley, China International Capital Corporation […]

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Chinese retailer Gome says its e-commerce website Gome.com.cn will launch a hotel reservation service on June 18, 2015. With the launch of this new service, users will be able to book hotels via the hotel channel of Gome.com.cn. The hotel channel will enable booking of 280,000 hotels across China. This marks the company's latest deployment […]

Sequoia Capital has teamed up with a unit of Huatai Securities to launch an industry investment funds with a fundraising target of RMB10 billion (US$1.6 billion), according to unconfirmed Chinese media reports. The fund will invest in healthcare, consumer, TMT (technology, media, telecom), advanced manufacturing sectors. Its investment strategy is to take advantage of industry […]

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Chinese electronics retailer Gome is investing an undisclosed sum into its e-commerce travel channel. The company's online shopping website Gome.com.cn will launch a hotel booking service on June 18, 2015. With the launch of this new service, users will be able to book hotels via the hotel channel of Gome.com.cn. The hotel channel will enable […]

Huawei launched its smart band product TalkBand B2 in America and announced a strategic deal with smart band manufacturer Jawbone to integrate data from Huawei's wearable products into its UP application ecosphere. With the cooperation, Huawei's existing and future wearable products will be able to access Jawbone's UP application and enjoy Jawbone's data integration service. […]

Samsung SDI has signed a memorandum of understanding with the government of Wuxi to build a polaroid film plant in China. Located in a Wuxi industrial park, Samsung SDI's new plant will produce 30 million to 40 million square meter polaroid films on an annual basis. This plant is expected to start volume production at […]

Turkey’s long-marginalized Kurdish minority is now poised to play a pivotal role in the country’s politics. Indeed, the Kurds' success in Turkey's recent general election will not only give them an outsized role in the formation of the next government; it is likely to end President Recep Tayyip Erdogan's dominance of Turkish politics.