America established its first formal fleet to fight pirates off north Africa, writes Jamil Anderlini

Education draws biggest donations in charity sector diminished by decades of political dogma

An irrational bid may trump a sensible one

Maritime dispute, North Korea and hacking dominate talks between Kerry and Wang

Tech group’s focus on growth of services as device sales slow

Communications crisis spurs global confusion over Beijing’s economic policy

China’s central bank has moved to jettison command-economy style mechanisms

The global alternative assets fund managers hold a record US$7.4 trillion in combined assets under management (AUM) in 2015, up from US$6.9 billion in the prior year, according to a new report issued by research firm Preqin. The private capital industry added US$193 billion in AUM through H1 2015, more than the $149bn growth seen […]

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Shanghai-listed Joincare Pharmaceutical Group Industry Co., Ltd. says its subsidiary has agreed to invest US$30 million in Apricot Forest Inc., a mobile app start-up focused on providing services to medical doctors, according to a disclosure document (in Chinese). The investment is part of the start-up's series D funding round, which values the Beijing-based mobile app […]

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Chinese beef cattle producer Heilongjiang Hengyang Cattle Industry Co., Ltd., backed by CDH Investments and DT Capital Partners, is planning a backdoor listing to float on the A-share market in China, according to a disclosure document (in Chinese). Shenzhen-listed coal mining firm Sundiro Holding Co., Ltd. says that Hengyang Cattle has agreed to acquire 10.99% […]

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The RMB is roughly 10% overvalued. A depreciation makes economic sense and the Chinese currency is likely to decline 7% against the U.S. dollar to around 7 CNY/USD in the next 12 months, says AXA Investment Managers Asia in a new research report. RMB: A New Channel Of Risk Transmission China's exchange rate reform last […]

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Shenzhen-listed film and television program producer Beijing Enlight Media Co., Ltd. has invested US$30 million in a Chinese music mobile app named echo, in exchange for a 20% stake in the start-up, according to a disclosure document (in Chinese). The series C funding round values the mobile app developer at US$150 million. Launched in September […]

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5miles, a Dallas- and Beijing-based mobile app start-up, has secured US$30 million in series B+ round from Blue Lake Capital, IDG Capital Partners, Morningside Ventures and SIG China, according to a company announcement. Unnamed individuals with ties to e-commerce giants Alibaba Group Holdings Ltd. and eBay Inc. have invested in the start-up as well, says […]

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Intel has teamed with Tsinghua University and Montage Technology Global Holdings Ltd for the founding of a special chip joint …

Government to let domestic prices be decided by the market