Managing the US-China relationship in general, and the South China Sea in particular, requires, above all, keeping official rhetoric under control. Lines will need to be drawn, but wise leaders will focus on cooperative diplomatic solutions, playing mi…
To secure a prosperous future, Europe must confront three distinct challenges: the Greek crisis, Russia’s incursion in Ukraine, and the rise of populist political parties. While Europe could address each of these challenges individually with relatively little risk, all three must be addressed simultaneously.
Suzhou-based online travel agency LY.com, backed by a number of venture capital firms, has launched its initial public offering on China's domestic A-share market, according to Chinese media reports. At the same time, Dalian Wanda Group and Tencent Group Holdings have reportedly agreed to invest in the company, though no details of their investments are […]
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Shanghai-based online education service app maker Changingedu has completed US$100 million series C round of financing led by New York Stock Exchange-listed Chinese education firm TAL Education Group, according to an announcement posted on the company's Weibo account. Existing investors IDG Capital Partners, Sequoia Capital and TBP Capital also participated. No information is available on […]
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Tit-for-tat needling highlights continuing tensions in bilateral relationship
Beijing-based e-commerce firm JD.com, Inc. has agreed to launch a joint venture with U.S. financial technology firm ZestFinance to support the development of consumer credit in China, according to a joint announcement. As part of the agreement, JD.com will invest an undisclosed amount in ZestFinance to help it fund further development of credit risk evaluation […]
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Oil group to set up Rmb200m environment fund after country’s largest public interest lawsuit
Beijing-based AllMobilize Limited, a Chinese start-up focused on automatic mobile adaptation for businesses, has completed around US$10 million series B round of financing from Morningside Ventures and IDG Capital Partners, according to Chinese media reports. Founded in 2012, AllMobilize's services have helped over 300,000 businesses to create website and platforms for various mobile devices. No […]
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Standard Chartered Private Equity (SCPE) has invested US$52 million in Chinese restaurant group Crystal Jade Group Holdings, in which pan-Asian private equity firm L Capital Asia owns over a 90% stake, according to media reports. No other details of the investment were disclosed. The investment will primarily be used to fund the growth of Crystal […]
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Clapper blames Beijing for exposing data of millions of federal personnel