NASDAQ-listed iKang Healthcare Group has adopted a poison pill plan to thwart a higher and competing take-private bid from rival Meinian Onehealth Healthcare (Group) Co., Ltd., according to an announcement. Two days ago, Shenzhen-listed Jiangsu Sanyou Group Co., Ltd., which is the shell company Meinian conducted a verse merger with to complete a domestic listing, […]

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Guangzhou-based runner mobile app JoyRun has completed US$18 million series B round of financing led by the Arena Capital. The company says it will use the proceeds on technical improvements, expand its events business and monetization. Founded in 2014, JoyRun's mobile app allows users to find running partners, share run stats, network with each other […]

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Legend Capital, the venture capital arm of Legend Holdings, has applied to list on China's National Equities Exchange and Quotation (NEEQ), or the New Third Board, according to a regulatory filing. The move follows that of numerous Chinese venture and private equity firms that have applied to list on the NEEQ, including Tiantu Capital, CITIC […]

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Financial companies will increase pay by 5% in Hong Kong and mainland China, and will pay six months salaries as bonus in 2016, despite industry-wide cost cutting, according to estimates released by consulting firm Pretium Partners Asia Limited. Pretium's research shows that regional and local firms are more aggressive than their international counterparts in terms […]

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Historian says work about ‘dream’ of constitutional democracy pulled ahead of Constitution Day

Adams Street Partners has announced that Yar-Ping Soo, a Partner in the firm since 2010, will assume the additional responsibility of leading the firm’s Asian investment team, after successor Piau-Voon Wang became a senior adviser to the firm, says an announcement. Woo will take her new role in the fourth quarter of 2015. Adams Street […]

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Global oil supply glut allows China to choose its suppliers

Dairy giant Danone SA has reached a final agreement to sell its struggling Dumex unit in China to Hong Kong-listed Chinese dairy firm Yashili International Holdings Ltd. for €150 million ($159 million), says a company announcement. The news follows a release issued by Danone in July this year, announcing the conclusion of a preliminary agreement […]

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Hangzhou-based biotech firm Ascletis has received US$20 million from Goldman Sachs, bringing the company's total fundraising to US$55 million, according to a company announcement. Ascletis received its first round of US$35 million investment led by C-Bridge Capital, Tasly Pharmaceutical and Pavilion Capital three months ago in September. The company says it will use the latest […]

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The war in Syria has become a tangled conflict of local, regional, and global struggles, each with the potential for perilous escalation. But, while the war must be brought to an end as quickly as possible, that will not be possible so long as either P…

Thousands are trafficked each year. But parents are working together to fight organised kidnapping

Thousands of children are trafficked every year in China. The problem is inseparable from Beijing’s policy on population control