Steepest decline in 2 years blamed on impact of slowing economy on buyer sentiment

Move follows internal audit that found ‘many questionable issues’ in video procurement

China stock market rebound gathers steam as investors respond to revival efforts

Detention of lawyer highlights Beijing sensitivity over case

InterContinental Hotels Group PLC has agreed to sell its full ownership of InterContinental Hotel Hong Kong to an investor consortium advised and managed by Hong Kong-based private real estate investment firm, Gaw Capital Partners, for US$938 million, according to a company announcement. No other details of the investor consortium were disclosed. IHG will retain a […]

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Sequoia Capital and the founder of its China operations, Neil Shen, have sold all of their remaining shareholding in Hong Kong-listed Chinese luxury goods retailer Sparkle Roll Group Limited, according to regulatory disclosures. Sequoia Capital and Shen acquired a combined 14.9% stake in Sparkle Roll for an undisclosed amount back in 2009. After the share […]

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NASDAQ-listed Chinese video-based social network firm YY Inc. has received a non-binding proposal letter from the company's chairman Lei Jun and CEO David Xueling Li to acquire all of the company's outstanding shares not already owned by them and to take the company private, according to a company announcement. The pair propose to acquire YY […]

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Baidu Waimai, the food delivery O2O (online-to-offline) platform launched by Chinese search engine Baidu Inc., is in the process to raise US$200 million in a new round of financing, according to reports from Tencent Technology. The round reportedly values the new platform at US$800 million, which is structured to make it a more independence entity […]

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Singapore Post Limited and Alibaba Group Holding Limited are forming a joint venture to expand their shared e-commerce logistics platform. Alibaba will invest up to approximately USD67.85 million in Quantium Solutions International for a 34%,…

Lenovo Mobile Business Group is ramping up for heightened China competition after its recent Motorola Mobility acquisition with a reorganization of he company's sales structure. Yang Jun will replace Zhang Hui to lead mobile phone sales in China and Yang will be promoted to vice president of Lenovo Group. Meanwhile, Ye Zhuliang, head of overseas […]

Baofeng Technology will establish a joint venture together with RRS, Aofei Animation and 3nod Digital Group, and the first product of this JV will be Baofeng TV. According to the JV enterprise agreement, RRS will provide logistics, post-sales, and channel resources to Baofeng TV. Meanwhile, RRS' 30,000 experience stores and 17,000 community service centers will […]

Ukraine’s primary economic problems are not homegrown but the result of Russian aggression. The international community, with the EU in the lead, must provide substantial humanitarian assistance and help stabilize the country's economy.

Speculative money likely to play a decisive role as carry trade unwinds