Defence ministry announces construction of 50,000-tonne carrier that can host its J-15 fighter

As 2015 draws to a close, new steps – albeit small and tentative – have been taken toward ending the war in Syria. Turkey, whose proximity to Syria generates both challenges and opportunities, could play an especially significant role in shaping how the peace process plays out.

Swiss private banking firm Julius Baer Group Ltd. and China's Sina Corporation have agreed to invest US$22.9 million in total in Shanghai-based wealth management firm Jupai Holdings Ltd., according to an announcement. Subsidiaries of Julius Baer and Sina will each subscribe to 9.59 million and 2.88 million ordinary shares of Jupai at US$1.83 per share, […]

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Beijing-based P2P (peer-to-peer) lending start-up Weijinsuo has completed a RMB300 million (US$46 million) series A round of financing led by HNA Capital Group Co., Ltd., the financial services arm of Chinese conglomerate HNA Group, according to an announcement (in Chinese). Founded in 2013, Weijinsuo currently has 700,000 registered users and has completed aggregate transaction value […]

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Beijing-based fresh produce e-commerce start-up Benlai Life has received US$30 million series C round of investment from a subsidiary of Joyoung Co., Ltd., a Chinese kitchen and home appliance maker, according to a disclosure document (in Chinese). After the completion of the investment, Joyoung will hold 3.82% of Benlai Life, which indicates that the round […]

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China's wearable device market scale reached CNY12.58 billion in 2015, representing a high growth rate of 471.8%. The China Academy of Information and Communication Technology Research of MIIT published its latest report on wearable devices and said growth will continue. According to Min Dong, director general of technology and standard research of CAICT, China's wearable […]

Tale of contentious investment has broader geopolitical overtones

For most people, the arrival of a new year prompts a moment of reflection on what has been working and what needs to change. But what happens to the people of North Korea depends entirely on their supreme leader, Kim Jong-un, and typically involves a l…

Russian President Vladimir Putin was fully in Orwellian mode during his annual year-end press conference, where he insisted that the country's economy is thriving and that its military intervention in Syria is saving lives. He also took time to praise …

Qingdao, Shandong, December 30, 2015 /ChinaNewswire.com/ – AccorHotels announces the opening of Pullman Qingdao Ziyue. The newly-built hotel featuring 238 rooms is the latest upscale address to be added in the fast growing Pullman network in Greater China where the brand’s portfolio has grown to 26 operating hotels. ‘We are thrilled with the latest opening … Continue reading "Pullman Widens Network Expansion With The Latest Addition In Qingdao"

Chinese electronics and home appliances retailer Gome reached a deal with Japanese retailer BIC Camera for the sale of overseas products in Gome's physical stores as well as on its e-commerce platform. In July 2015,…

Shanghai-based Wangcl Glasses, a start-up that allows users to order prescription eyeglasses online, has completed RMB150 million (US$23 million) series B round of financing from two Chinese venture capital firms, according to an announcement (in Chinese) posted on the company's Weibo account. Qifu Capital and Renlan Fund are the two investors. The valuation of the […]

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Chinese online tourism service provider Ly.com announced a full acquisition of Shanghai Meichen International Travel Service Co. Ltd. This is reportedly the second Chinese travel agency acquired by Ly.com over the past two months. The first one was Nantong Huihuang International Travel Service Co. Ltd. Founded in 2005, Shanghai Meichen International Travel Service is a […]

TCL Multimedia has reached a subscription agreement with Letv's subsidiary Letv Zhixin, under which Letv will invest HKD2.267 billion, which is about CNY1.875 billion, to subscribe to an approximate 20% stake in TCL Multimedia via Letv Zhixin's newly-established wholly-owned subsidiary in Hong Kong. With this deal, Letv will gain 348.85 million TCL Multimedia's new shares […]

His rightwing credentials have allowed him to pull the two countries closer, writes Joji Sakurai

Beijing is not yet aware of the scale of the economic challenge it faces

The Islamic State’s leaders know that their days in Iraq and Syria are numbered, which is why they are transferring their forces to Libya and stepping up attacks in the West. As 2016 gets underway, the most important imperative faced by the West is to disarm the trap ISIS has set, by resisting the siren song of fear.

If showing up is 80% of life, as Woody Allen once put it, at least 80% of foreign policy is following up. Smart plans, good intentions, and strong negotiating skills are essential components of diplomacy, but they are never enough – not even close.