A speculative strategy has done well with speculators
2016-01-06
If we were to judge the state of the world by the news headlines, 2015 was the year of Islamist terror, especially in Paris. But focusing on what the media find most important to cover can give us a distorted sense of the world.
2016-01-06
The key question in assessing Europe’s power resources is whether the EU will retain enough cohesion to speak with a single voice on a wide range of international issues, or remain a limited grouping defined by its members’ different national identities, political cultures, and foreign policies. The answer varies by issue.
2016-01-06
Effort to pursue reforms while distrusting risk is a toxic mix for investors
2016-01-06
Beijing-based Qufenqi.com, an e-commerce start-up providing installment payment solutions to young Chinese consumers, has completed a new round of financing round in RMB, according to an internal letter sent to staff by the company's founder reported by Chinese media. The company has also dismantled its variable interest entity (VIE) structure in preparation for an initial […]
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2016-01-06
Alibaba Group Holdings Ltd. and Ontario Teachers’ Pension Plan (OTPP) have joined an investor consortium led by the chief executive of iKang Healthcare Group to privatize the NASDAQ-listed company, adding a new twist to a bidding war that has lasted four months. In a regulatory filing, iKang says the management-backed buyer group still plan to […]
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2016-01-06
This year and 2017 will be two of Asia’s most challenging years, with the ongoing economic slowdown in non-Japan Asia extending into an unprecedented fourth and fifth year, says a research report by ANZ. The bank says it is less confident that Asian economies will find a trough in the first quarter this year, as […]
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2016-01-06
Dalian Wanda Group says it plans to invest RMB15 billion (US$2.3 billion) to build three high-end hospitals in China in partnership with the International Hospitals Group Ltd. (IHG), according to a company announcement (in Chinese). "Bringing top-tier general hospitals to China will not only meet increasing demand of the Chinese people, but also improve the […]
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2016-01-06
Asian middle market private equity firm Olympus Capital Asia has agreed to make a strategic investment of at least US$30 million in CreditAccess Asia NV, a microfinance operator in Asia, according to an announcement. CreditAccess Asia says it plans to use the proceeds to fund the accelerated expansion in its retail lending operations across Asia, […]
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2016-01-06
Legend Holdings Ltd. has made a RMB400 million (US$61 million) strategic investment in Liquor Easy, an O2O (online-to-offline) start-up providing 20-minute express delivery of liquor products to consumers, according to an announcement (in Chinese). The move signals Legend Holdings' strategy to invest in emerging and innovative consumption-focused start-ups. "Legend Holdings has been focused on making […]
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2016-01-06
Legend Capital has invested RMB60 million (US$9.2 million) in online education start-up Zhiyou Education's series A round, according to an announcement (in Chinese). Founded by a former executive at New York Stock Exchange-listed Xueda Education Group, Zhiyou Education focuses on providing one-on-one tutoring services for K12 students. It has received an undisclosed angel investment from […]
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2016-01-06
L Capital, the private equity and real estate investment arm of French luxury goods maker LVMH Moet Hennessy Louis Vuitton SE, is to merge with Catterton, a U.S.-based consumer-focused private equity firm, according to an announcement. The new company, named L Catterton, will be 60% owned by the partners of L Catterton and 40% jointly […]
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2016-01-06
Chinese outbound travel site Qyer.com has completed US$60 million series D round of financing led by Shenzhen-listed travel firm Beijing UTour International Travel Service Co., Ltd., according to a disclosure filing (in Chinese). Utour agreed to invest RMB162 million (US$25 million) for a 5.5% stake in Qyer.com by subscribing to new shares and buying stakes […]
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2016-01-06
Global asset management firm Affiliated Managers Group, Inc. has acquired an undisclosed stake in Baring Private Equity Asia, according to a joint announcement. Baring's senior partners will continue to hold a majority stake of the Asia-focused private equity firm and direct its day-to-day operations. "Baring Asia is AMG’s first affiliate based in Asia…We see meaningful […]
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