Criticism of Chinese-built urban railway highlights commercial tussle between Asian economic powers
2016-01-22
Sixty-two of the world’s wealthiest people own as much as the poorest 3.6 billion – a shocking figure that will certainly come up at this week’s annual meeting of the World Economic Forum in Davos. The question is whether the people who get invited to Davos – the global elite – will take action to combat growing economic inequality.
2016-01-22
From the “one belt, one road” scheme to the AIIB, Chinese geostrategic initiatives are steadily advancing the country’s strategic objective of fashioning a Sino-centric Asia. While regional powers are watching these moves with concern, they have so far failed to coordinate their efforts to uphold the regional order.
2016-01-22
GO Scale Capital, an investment fund sponsored by China-focused GSR Ventures and U.S. venture capital firm Oak Investment Partners, has terminated a deal to acquire an 80.1% stake in Philips NV's LED lighting components and automotive lighting business, says an announcement. After close to one year of best efforts by GO Scale Capital and Royal […]
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2016-01-22
The country’s first female leader is ready to stand up to her powerful neighbour, writes Ben Bland
2016-01-22
China's New Third Board has halted new listings of microcredit companies, according to Chinese state media, after abruptly suspending initial public offerings of private equity and venture capital firms last month. The National Equities Exchange and Quotations (NEEQ), China's third national exchange that serves small and medium-sized enterprises, has reportedly told brokerage firms that listings […]
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2016-01-22
Beijing, China, January 22, 2016 /ChinaNewswire.com/ – Since it’s opening in 2013, Hotel Eclat Beijing has been widely recognized for its remarkable design, setting a trend for creative accommodation ideas with its luxurious quality service within a unique location which has garnered much international icons and media attention. As such, Hotel Eclat Beijing triumphed with … Continue reading "Hotel Eclat Beijing Triumphs With Five Industry Awards"
2016-01-22
Innovation Works, an early stage venture firm founded by former Google China head Kai-Fu Lee, is targeting US$250 million for its third U.S. dollar fund, according to media reports. Innovation Works Development Fund III, L.P. filed with the U.S. Securities and Exchange Commission last July with an initial target of US$300 million. The company did […]
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2016-01-22
Shanghai-based private equity firm Principle Capital is targeting to raise US$350 million for its debut U.S. dollar fund, which has attracted investment from the International Finance Corporation, according to a disclosure document. The IFC says it is considering putting US$30 million in Principle Capital's new fund. The fund aims to continue the firm's focus to […]
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2016-01-22
Shanghai-based CMC Holdings, an investment platform affiliated with CMC Capital Partners, says it plans to invest US$100 million in Chinese sports management and marketing company SECA, according to state-owned China Daily. The move follows CMC Capital Partners and CITIC Capital's announcement last month to invest US$400 million to take over 13% of City Football Group, […]
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2016-01-22
China's so-called sunshine private equity sector recorded average return of 38.01% for 2015, beating the CSI300 Index's 5.58% annual performance by a large margin, according to industry data tracker Licai.com. Sunshine private equity, which essentially are private investment trusts that function similar to hedge funds, saw significant growth in the past few years. As of […]
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2016-01-22
KKR & Co. L.P. has teamed up with one of China's four state-run bad banks to invest in credit and distressed debt opportunities in China, as the country's corporate defaults and distressed debt piles are expected to swell. In a joint announcement, KKR and China Orient Asset Management (International) Holding Ltd., a subsidiary of China […]
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2016-01-22
Chinese venture capital firm Qiming Venture Partners announced the promotion of Peter Yin Ming, Stella Zhuo Lingfei, Shiyu Wang, Jay Yin Jie to principal, according to a company announcement. Peter Yin joined Qiming in 2010, and focuses on environmental protection, energy saving, new energy, smart grid, electric vehicles and clean production. Prior to Qiming, Peter […]
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2016-01-22
Starbucks plans to enhance its investment in the Chinese market and open 500 new stores every year in the country over the next five years. This move represents the company's confidence in the Chinese coffee-drinking…
2016-01-22
Deep in the bowels of the system, financial flows are switching course