Shanghai-based healthcare and pharmaceutical service provider MedSci has received tens of millions U.S. dollar series A financing from Qiming Venture Partners, according to a company announcement. The proceeds will be used to develop its medical service business. Founded in 2008, MedSci provides strategies, solutions and services to pharmaceutical, biotech and medical device organization and the […]

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Shenzhen-based maternal and infant social networking platform Lamabang.com has completed US$100 million series C financing led by online shopping site Vipshop, according to a company announcement. The round values the company at US$1 billion. Matrix Partners China, Greenwoods Asset Management Limited, and Morningside Ventures also participated in the financing. In July 2014, the company received […]

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Beijing-based Chinese restaurant chain Porridge Jiahe, backed by Sequoia Capital and Yunfeng Capital, is being acquired by Shenzhen Stock Exchange-listed Xi'an Catering Co., Ltd., according to a securities filing. Xi'an Catering, whose shares have halted trading because of the planned transaction, is to acquire 100% of Porridge Jiahe by issuing new shares. Details of the […]

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The Regional Anti-drug Expert Group Meeting has been held in Hong Kong for the first time.

The Customs & Excise Department and the World Customs Organisation Asia Pacific Vice-Chair – the Royal Malaysian Customs Department – co-hosted the two-day event which ended today.

It provided a platform for regional experts to discuss and formulate enforcement strategies to tackle the drug issue.

More than 40 representatives from 18 customs administrations and enforcement agencies, as well as the World Customs Organisation’s regional intelligence and capacity building offices, attended the meeting.

Commissioner of Customs & Excise Clement Cheung officiated at the opening ceremony.

The Hong Kong-Singapore Mutual Recognition Arrangement on the Authorised Economic Operators will become operational from Monday.

Its implementation marks a milestone in the co-operation between Hong Kong and Singapore Customs in promoting international supply chain security and facilitating secure and efficient global trade. 

Under the arrangement signed last June, both customs agencies recognise the compatibility of the supply chain security measures implemented by companies certified under Hong Kong's Authorised Economic Operator Programme and Singapore's Secure Trade Partnership Programme. 

Both agencies will provide clearance facilitation to each other's Authorised Economic Operators, such as reduced examination or prioritised clearance. 

It is the third arrangement fully implemented by the Customs & Excise Department, following deals with Korea in August and the Mainland in September last year. 

The measures will help local companies strengthen their trade competitiveness and marketability in overseas markets, as well as bring in more business opportunities to the import-export and logistics industries.