As violent conflicts and crises intensify worldwide, from Africa to Asia, it is becoming abundantly clear that there is no longer a guarantor of order – not international law or even a global hegemon – that countries view as legitimate and credible. The international system is clearly in need of an overhaul.

Beijing’s 26% voting share gives it veto power but not control

State auditor names groups including State Grid, Cosco and China Southern Power Grid

Global private equity giant the Carlyle Group has agreed to invest approximately US$120 million in Chinese logistics firm, Shanghai ANE Logistics Limited, according to a company announcement. Carlyle is investing through Carlyle Asia Partners IV L.P., and the deal is expected to close in the third quarter of 2015. Founded in 2010 and headquartered in […]

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OlymTech Corporation, a China-based IT solution service provider for logistics companies, has raised approximately US$20 million in its series A financing round from IDG Capital Partners, Matrix Partners and Yunqi Partners, according to a company announcement. Founded in 2002 by IT and logistics professionals from the Silicon Valley and China, OlymTech provides cloud-based IT solutions […]

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China-focused private equity firm Lunar Capital Management is seeking to raise US$380 million for its fourth fund, according to media reports. The firm launched the fund, named Lunar Capital Partners IV L.P., in January, according to a securities filing. Founded in 1999, Lunar Capital's first fund invested founding partners' own capital. Its second fund raised […]

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Sino-French private equity firm Cathay Capital Private Equity has made an undisclosed investment in SeaOwl, a France-based marine service provider, according to a company announcement. Cathay Capital is investing through its Sino French SME Fund and Cathay Capital II Fund. No other details of the investment were disclosed. SeaOwl plans to use the proceeds to […]

Visit ChinaMoneyNetwork.com for more daily finance news, including audio and video Internet podcasts covering important investment news and financial events in China. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.

Alibaba has agreed to sell four of its American e-commerce assets to U.S.-based social shopping platform OpenSky. Alibaba will give OpenSky 11main.com, Auctiva, Vendio and SingleFeed in exchange for about a 37% stake in OpenSky. No financial details or exact timing on the deal are yet available, according to reports in foreign media. 11main.com is […]