Hangzhou city, Zhejiang province-based maternal and infant supplies e-commerce platform Beibei.com has received US$100 million series C financing led by Capital Today and New Horizon Capital, after just nine months of the company's establishment, according to an official announcement on its Weibo account. Banyan Capital and IDG Capital also participated in the round, which values […]

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The global Alternative investment industry scores another record year in 2014, with total assets increasing US$690 billion to reach a total sector assets of US$6.91 trillion, according to data released by data tracker Preqin. The alternatives industry, which includes private equity, hedge fund, private debt, real estate and infrastructure fund managers, registered asset gains larger […]

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Hong Kong-based real estate private equity firm Gaw Capital Partners has acquired London's Tower Place on behalf of Ping An Insurance Company of China, Ltd., according to an emailed statement. No deal terms were disclosed. This is the second property acquired by Gaw Capital for Ping An Insurance, following the acquisition of Lloyd’s building in […]

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UBS AG Group has taken a stake in New York Stock Exchange-listed Chinese online automobile portal Autohome Inc., according to a securities filing. As of December 31, 2014, UBS owned 3.597 million class A ordinary shares of Autohome. Based on the company's most recent closing price of US$36.48 per share, the stake would cost a […]

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Boston-based private equity firm Bain Capital has made a full exit from Hong Kong-listed Chinese electronics retailer GOME Electrical Appliances Holding Limited by selling all of its remaining stake for approximately HK$1.04 billion (US$130 million), according to media reports. Bain Capital sold 922 million shares at HK$1.13 per share, the lower end of an indicative […]

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The Fire Services Department will introduce new equipment to boost the performance and protection of firefighters and ambulancemen.

At a year-end press conference today, the department said it will issue new helmets early this year that offer more protection and flexibility to fire officers.

A new mobile casualty treatment centre will provide on-scene lifesaving treatment and emergency surgery capabilities to boost the survival rate of fire and accident casualties.

Other new equipment includes a mobile thermal night vision camera, a mobile chemical identifier, and new haemostatic medical supplies.

Delivering the year-end review, Director of Fire Services Lai Man-hin said firefighters’ equipment meets international standard and officers are trained in their use.

The department received 36,335 fire calls, 33,420 special service calls, and 747,437 ambulance calls last year. The response times all met its performance pledge.

He said the department will strive to complete the investigation into last year's Shek Kip Mei gas explosion as soon as possible.

The investigation report will be passed to Police to see whether the case should be referred to the Coroner, he added.

The Chinese regulators are disciplining bank margin trading loan practices in order to restrain speculation in the stock market, perhaps as a precursor to the central bank's monetary easing policies, according to a research report by Nomura Holdings. China’s benchmark interest rates cut on November 21, 2014 helped to trigger a 40.7% surge in the […]

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Singapore-based real estate private investment firm SC Capital Partners has reached final closing of its fourth real estate private equity fund, Real Estate Capital Asia Partners IV L.P., raising a total of US$850 million equity commitments, according to a company announcement. The fund held its final closing on December 5, 2014, just three months following […]

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