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China’s Iron Lady: Wu Yi Will Retire
China's Iron Lady, Vice Premier Wu Yi, announced on Friday that she would retire in March when China's new administration takes office, according to Seniors World Chronicle. Wu is 69. Wu is a regular news maker in China. She has been especially in the spotlight, though, since August when she took on the job of [...]
VOIP: China the World’s Largest Skype Market?
Pacific Epoch carried a report earlier this month on the number of Skype users in China. Pacific Epoch reported on an announcement by Skype's China partner, TOM online in which TOM claimed that Skype now has 51 million users in China. (Perhaps it would be more accurate to say that Pacific Epoch “passed on to [...]
Bohai Investment Fund Goes After Banking
After making its debut investment earlier this month in a basic industrial sector of the Chinese economy, China's first home grown private equity fund is continuing to take a different path than foreign PE funds in China – by investing in banking. The Bohai Fund announced last week that it is buying a ten percent [...]
The Big Deal: RedBaby’s $25 Million in VC Funds
Redbaby is a business-to-consumer (B2C) website based in Beijing. The company started off dealing in children's products, selling them through an online portal. It has broadened its product line, and Redbaby is the biggest deal so far for venture capital in 2007. Alarm:Clock points out that Redbaby is not a new comer to VC funding. [...]
Service Sector Grows, IT Shrinks in Q3 VC Funding in China
Venture capital investment continues to grow in China, but it is changing direction in China according to a recent report by Ernst & Young and Dow Jones VentureOne on third quarter venture capital deals. Venture capital investment in China is up by 5% this year over Q3 of 2006. VC firms invested $677 million in [...]
Al Gore Signs on With VC Firm
A variety of news sources are reporting today that former Vice-President Al Gore has signed on as a partner at one of Silicon Valley's top venture capital firm. Kleiner Perkins Caufield & Byers announced Monday that Gore, is joining the California-based VC firm as a partner with a portfolio aimed at alternative energy investments. Kleiner [...]
Private Equity Faces Hurdles in China
Forbes published a report recently saying that private equity continues to face hurdles in China. China's private equity industry is in a state of change and is experiencing growth. We reported earlier this month on the debut investment of China's first home grown private equity fund. Foreign private equity funds face a number of hurdles. [...]
Changes in China for Foreign Investment: Real Estate
China's National Development and Reform Commission (NDRC) has decided to place new limits on foreign investment in a number of areas of the economy, including real estate according to the Associated Press. While limits and restrictions already existed on foreign investment in real estate, the new rules expand those restrictions. Foreign investment in resorts, luxury [...]
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