Shanghai-based cloud computing service provider UCloud says the company has received more than $10 million in series A funding from Doll Capital Management (DCM) and Bertelsmann Asia Investments, according to media reports. The company says it will use the proceeds on product innovation, marketing and purchasing hardware. Founded in end of 2011, UCloud primarily provides […]

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Customs officers have seized 3 million illicit cigarettes, and arrested four men and a woman aged 34 to 55.

The two-week crackdown targeted five illicit cigarette storage points. The seized goods have a total market value of $7.5 million and a duty potential of $5.1 million. 

Two cross-boundary vehicles were also seized, one of which used fake water heaters to conceal the cigarettes.

Hong Kong-based private equity real estate firm Gaw Capital Partners says that it has acquired the Waterside House at Paddington in London on behalf of a group of Korean institutional investors, according to a company announcement. Gaw Capital Partners is the advisor and co-investor in the deal and will become the manager of the property. […]

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The author is head of Greater China research at Standard Chartered, Stephen Green The Chinese Communist Party's (CCP) Third Plenum delivered. It laid out the biggest package of market economic reforms since the early 1990s – and delivered a clear sense that the leadership is fully committed to implementation. The half-personal, half-official document from Xi […]

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See this blog post by Julian Ku over at Opinio Juris.

The author is Capital Economics' China economist Qinwei Wang China's flash HSBC PMI fell from 50.9 in October to 50.4 this month. This was at the low end of the range of the Bloomberg survey median of 50.8 and our forecast of 50.9. he flash estimate is typically based on 85-90% of survey responses, with […]

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The author is Capital Economics' Jessica Hinds Recent statements from officials at the People’s Bank of China (PBoC) suggested that intervention in the currency market would basically end and that it is no longer in China’s favor to increase its currency reserves appear at first glance to be negative for U.S. treasuries. However, we are […]

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