Ctrip.com International, Ltd. has agreed to invest US$180 million in India’s largest online travel company MakeMyTrip Limited, both listed on the NASDAQ, via convertible bonds in a move to expand internationally, says a company announcement. MakeMyTrip has granted Ctrip permission to acquire MakeMyTrip shares in the open market. Combined with shares convertible under the convertible […]

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Despite declining activities and engagement level during the fourth quarter 2015, Weibo Corporation is still on the right track to enjoy healthy growth, says a new report by T.H. Capital, LLC, an equity research firm focused on U.S.-listed Chinese companies. The firm has a buy rating with a target price of US$21 per share, against […]

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China’s Le Sports has reached an agreement to provide live streaming of Major League Baseball in the Greater China region in a wide-ranging strategic partnership that will last for three years until the end of 2019, according to an announcement. In the first mass market media agreement in China for Major League Baseball, Le Sports […]

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After making global expansion and greater penetration of China’s under-served rural markets priorities last year, Alibaba Group Holdings Ltd. says it plans to grow its already large operations in China’s biggest cities this year, according to its corporate news website Alizila. “We are going to consolidate and expand our current market, particularly by enhancing reputation, […]

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The Chinese central bank surprised the market this morning with a fixing 0.5% weaker than the last fixing, in a show of willingness to tolerate a weaker Yuan and establish a flexible exchange rate regime, says a research report by ANZ. The People’s Bank of China (PBoC)’s fixing of 6.5646 for USD/CNY is a signal […]

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China has a record 905 million smartphone users accessing the Internet as of November 2015, compared to the country’s population of 1.357 billion, according to an annual report (in Chinese) released by the Internet Society of China. The number is on par with the 913 million 3G or 4G smartphone users projected by industry association […]

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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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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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China was the most active country for mergers and acquisition deals within Asia in 2015, with a total of 4,761 deals worth US$651 billion inked for the year, up 51% in total deal volume from the US$430.9 billion recorded in 2014 and the highest level on record, says data tracker Dealogic. Deal volume was driven […]

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China’s State Post Bureau is to implement a real-name system for the country’s postal and private courier services this year, requiring all users to verify their identification with official residence cards and other ID documents, according to China’s state-owned Xinhua News Agency citing the bureau’s general director Ma Junsheng. People who wants to send or […]

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