New York Stock Exchange-listed Chinese Craigslist-like platform 58.com Inc. says its O2O (online-to-offline) subsidiary 58 Daojia Inc. has reached agreement with investors to received US$300 million series A funding from Alibaba Group Holding Limited, KKR, and Ping An Group. In an announcement, 58.com says it will maintain majority ownership of 58 Daojia. The round values […]

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Fears about municipal debt in China grow after producer’s buyout

When US President Barack Obama spoke at the UN about countering the Islamic State, many of his critics complained that he put too much emphasis on diplomacy, and not enough on the use of force, with some even complaining about a return to isolationism….

While never a full-blown colony, ‘foreign devil’ forces did rule chunks of vital cities

Vladimir Putin is an old-school imperialist, whose military intervention in Syria is partly designed to divert attention from his dismemberment of Ukraine. And his thinly veiled threats against the Baltic states, Poland, Finland, and now Turkey reveal …

Detention of Jiang kicked off wave of graft arrests

Impact of mainland economic woes on territory’s once-booming luxury goods industry deepens

Beijing-based Chinese online grocery store Womai.com, backed state-owned food conglomerate COFCO, has raised US$200 million series C financing led by Taikang Life Insurance Company Limited and Baidu Inc., according to Chinese media reports. Representatives at COFCO did not immediately respond to an inquiry to confirm the news. Taikang Life Insurance and Baidu are investing as […]

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Asus says demand for smartphones continues to rise, but some shipments to consumers have been delayed. Some mobile phone shipments will be postponed to the fourth quarter and its third-quarter shipment total was about 5.5…

Taiwanese PC maker Asus published its operating statistics for the third quarter of 2015, stating that its operating revenue reached NTD119.3 billion, which was about CNY23.25 billion, representing an increase of 10.1% compared with the previous quarter. In September alone, Asus' operating revenue reached NTD43.93 billion, a year-on-year increase of 5.7% and an increase of […]

China's Bright Food Group announced in Barcelona that the group has completed its acquisition of Miquel Alimentacio, a food distributor in Spain. This is reportedly the first time for a large Chinese food company to…

Rong360.com, a Beijing-based financial products search and recommendation engine, has completed an undisclosed series D round of financing from undisclosed investors, according to Chinese media reports. Representatives at Rong360.com did not immediately respond to an inquiry to confirm the news. Founded in 2011 by former PayPal China general manager Ye Daqing, Rong360.com received US$7 million […]

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Hangzhou-based smart electric bicycle start-up YunMake Technology Co., Ltd. has completed tens of millions RMB (US$1 million equals 6.35 million RMB) series A round of financing led by Shunwei Capital. Hon Hai Precision Industry Co., Ltd., Qualcomm Inc., as well as Chinese venture firms Zhen Fund, Rice Bank and Yinxinggu Capital also participated, according to […]

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