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FUNDS

Trustbridge Invests In Chinese Food Ordering Service Meican

Chinese online food ordering platform Meican has received an undisclosed amount of follow-on series B investment from Shanghai-based venture and private equity firm Trustbridge Partners, Meican's official Sina Weibo account confirms.

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Fosun Launches $100M US Venture Arm

Shanghai-headquartered Chinese privately owned conglomerate Fosun International Ltd. has launched a US$100 million venture arm in Silicon Valley to invest in technology companies that are looking to expand in China, according to media reports.

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Tencent Plans To Take 20% Of Korean Celebrity Agency KeyEast

Shenzhen-headquartered Chinese Internet services giant Tencent Holdings Limited is planning to invest in Korean celebrity management agency KeyEast Entertainment Co.,Ltd., potentially taking a 20% stake, according to Chinese media reports.

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ClearVue Leads $10M Financing For China Restaurant Operator Akasakatei

Shanghai-based Chinese private equity firm ClearVue Partners says it has led a US$10 million financing round for China-based Japanese restaurant operator Akasakatei, according to an announcement of ClearVue.

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Sequoia, Tencent Lead $35M Series C Round For Weebly

San Francisco-based website hosting firm Weebly says it has raised US$35 million in series C funding from existing investor Sequoia Capital and Tencent Holdings Ltd., according to a company announcement.

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Matrix-Backed Cheetah Mobile Files For $300M IPO

Beijing-based Chinese security software maker Cheetah Mobile Inc. has filed with the U.S. securities regulator to raise as much as US$300 million in an initial public offering on the New York Stock Exchange.

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Venture-Backed Chukong Technologies Files For $150M IPO

Beijing-based Chinese mobile game developer Chukong Technologies has filed on April 18 with the U.S. securities regulator to raise up to US$150 million in an IPO on the NASDAQ.

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China Everbright Supports Management Buyout Of iSoftStone

Beijing-based Chinese IT services provider iSoftStone Holdings Limited says it has entered into a definitive agreement, in which its chairman and CEO Liu Tianwen, together with China Everbright Investment Management Limited, will take the company private, according to a company announcement.

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China Orient To Launch $1B Distressed Real Estate Asset Fund

China Orient Asset Management Corporation, one of the four bad debt banks in China, plans to launch a US$1 billion joint venture fund to invest in distressed real estate assets in China.

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ECONOMY

China's Flash HSBC PMI Slightly Up To 48.3 In April

The HSBC Flash China Manufacturing Purchasing Managers’ Index (PMI) came in at 48.3 in April, up from 48.0 in March. This is a Two-month high.

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Growth Of China's Home Prices Continue To Moderate In Mar

New home prices (excluding affordable housing) in 56 cities among 70 medium-to-large-sized Chinese cities increased on a month-on-month basis in March, according to data released by the National Bureau of Statistics.

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China's Mar Economic Data Slightly Weaker Than Expected

During the first quarter, China's GDP grew 7.4% year-on-year, slightly better than market consensus of 7.3%. But other economic data appeared weaker than expected.

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China's Q1 GDP Growth Slowed To 7.4%

China's GDP growth slowed to 7.4% in the first quarter from 7.7% of the fourth quarter last year, mainly dragged down by slower investment growth, according to the National Bureau of Statistics.

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China's Total Social Financing Rose To RMB2.07T In Mar

Chinese banks made RMB1.05 trillion ($168.8 billion) new RMB loans in March, in line with forecast of RMB1 trillion, according to data released by the People's Bank of China.

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China's CPI Rises 2.4% In March

China’s March consumer price index (CPI) reached a year-on-year increase of 2.4%, up from 2.0% in February, according to data released by the National Bureau of Statistics.

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China's Trade Continues To Drop In March

China’s exports dropped 6.6% while imports were down 11.3% compared to the same period in 2013, according to data released by China's General Administration of Customs. Although the high base last year was suspected to be fabricated, the new data was still below expectation. The value of exports in March was US$170.1 billion and that […]

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China's Official PMI Rises To 50.3 In March

China’s official manufacturing purchasing managers’ index (PMI) climbed to 50.3 in March from February’s 50.2, suggesting the first rise since November last year, according to China’s National Bureau of Statistics. The low readings in January and February have led to market expectations that China’s economy is slowing down. "The recent vow by the government to […]

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China's Flash HSBC PMI Fell To 48.1 In Mar

The flash Markit/HSBC Purchasing Managers' Index (PMI) fell to 48.1 in March, compared with a final reading of 48.5 in February. This is an eight-month low for the measure.

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BUSINESS

Chinese Online Shoppers Will Reach 380M In 2016

Chinese Online Shoppers Will Reach 380M In 2016

China's online population will reach 730 million in 2016, of which 380 million will be online shoppers, according to a report issued by global consulting firm Boston Consulting Group.

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Institutional Investors Say Complexity Of Alternative Investment Is Key Challenge

Sovereign wealth funds, public pension funds and central banks say the complexity of alternative investments is one of their biggest challenges as they diversify their investment portfolios, according to a joint study done by U.S. financial firm State Street Corporation and U.K. media group the Financial Times.

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Knight Frank Partners With Taiwan Real Estate Firm

Knight Frank Partners With Taiwan Real Estate Firm

Global property consultancy firm Knight Frank says it has established a long-term strategic partnership with Taiwan's real estate brokerage firm REPro International, according to a Knight Frank announcement.

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CITIC Capital, Sonae Sierra Launch Property Management Joint Venture

CITIC Capital Holdings Limited and international shopping center operator Sonae Sierra says they have launched a joint venture to provide management and leasing services to shopping centers in China, according to a company announcement.

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Schwarzman Scholars Program Increases Fundraising Target To $350M

The Schwarzman Scholars program says it has raised US$275 million one year after the announcement of the program, and it is increasing its fundraising target to US$350 million from its previous goal of US$300 million, according to an announcement.

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China Pushes Energy Investment To Boost Growth

In another signal that Beijing is committed to stimulate its weakening economy, China's Premier Li Keqiang said that China should launch large projects in the energy sector this year.

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Counting Jack Ma's $5B Shopping Spree In 2014

Counting Jack Ma's $5B Shopping Spree In 2014

So, how is your 2014 going? For Jack Ma, the past five months were one crazy shopping spree. The 49-year-old billionaire founder and executive chairman of Alibaba Group has been involved in eight major deals with a tally of close to US$5 billion. That's equal to writing a check of around US$1 billion every month. […]

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Sina's Weibo Downsized IPO By 21% To $286M

Chinese social networking platform Weibo Corporation has raised US$286 million by offering 16.8 million American Depository Shares (ADR) at US$17 per share. The size of its IPO is 21% smaller than its initial target of of US$380 million, according to an announcement.

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S&P Downgrades Fosun International's Credit Rating

Shanghai-headquartered Chinese privately owned conglomerate Fosun International Ltd. has been downgraded by Standard & Poor's Ratings Services because of the company's increasing leverage level as a result of its acquisitions, according to a notice issued by S&P.

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OPINION

China Launches More Reformative Economic Stimulus

China Launches More Reformative Economic Stimulus

The author is Song Yu, China economist at Goldman Sachs Gao Hua Chinese Premier Li Keqiang hosted a State Council regular meeting today. After the meeting the State Council announced a number of liberalization measures.

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BofAML: Mini-Stimulus Will Help Sustain China's Economic Rebound

BofAML: Mini-Stimulus Will Help Sustain China's Economic Rebound

The upward trend in China's HSBC purchasing managers' index (PMI) number is likely to continue in the coming months. It may gradually move to the range of 49 to 50 in the next few months, says Bank of America Merrill Lynch in a research report.

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China's April HSBC Flash PMI Sends Mixed Signals

China's April HSBC Flash PMI Sends Mixed Signals

The author is Nomura economist Zhang Zhiwei The HSBC flash PMI rose to 48.3 in April from a final reading of 48.0 in March. It is inline with consensus of 48.3, and higher than our forecast of 47.8.

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Chinese Department Stores Face Lengthy Sales Slump

Chinese Department Stores Face Lengthy Sales Slump

The author is Standard & Poor's Ratings Services Revenue prospects will be increasingly gloomy for China's department stores over the next 12 to 24 months.

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Intime's O2O Strategy Will Become New Growth Engines

Intime's O2O Strategy Will Become New Growth Engines

The author is China International Capital Corporation (CICC) Research Department After the cooperation with Alibaba and huge capital injections, Intime is expected to have more action in the O2O (online-to-offline) arena, which could bring new triggers for the stock price.

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Baidu Likely To Report Better-Than-Expected Earnings

Baidu Likely To Report Better-Than-Expected Earnings

The author is Tian X. Hou, founder and CEO of Chinese equity research firm T.H. Capital Baidu, Inc. will report first quarter results on April 24th after the market close. We believe its results are highly likely to come in better than consensus expectations, mainly driven by its mobile business and other non-traditional search businesses […]

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China's Selective RRR Cut Points To Possible Easing

China's Selective RRR Cut Points To Possible Easing

The author is ANZ greater China chief economist Liu Li-Gang China's central bank announced this afternoon that it will reduce the reserve requirement ratio (RRR) for some rural commercial banks, effective from this Friday.

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CITIC's Planned REIT Looks More Like Asset Backed Securities

CITIC's Planned REIT Looks More Like Asset Backed Securities

The author is Fitch Ratings Inc. The financial product to be issued by China's CITIC Securities, backed by rental income from two office buildings, is more similar to asset-backed securities (ABS) than a real estate investment trust (REIT).

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Bidding War For Chindex Is The Best For Shareholders

Bidding War For Chindex Is The Best For Shareholders

If you happen to be a public stockholder of NASDAQ-listed Chindex International, Inc., enjoy it while you watch the world's two biggest private equity firms fight for your shares.

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