Shanghai-based P2P (peer to peer) lending firm Ppdai.com has completed series C round of financing led by Legend Capital and SIG Asia Investment, according to a company announcement. VMS Legend Investment Fund I, Sequoia Capital and Lightspeed China Partners also participated. The company did not disclose the financing amount, but said in the statement that […]

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Beijing-based biotechnology firm Berry Genomics Co., Limited has completed RMB100 million (US$16 million) series B financing from Qiming Venture Partners, according to Chinese media reports. Founded in 2010, Berry Genomics received undisclosed series A financing from Legend Capital in 2011. Berry Genomics focuses on developing DNA sequencing technology and genetic testing tools for disease screening […]

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Customs officers arrested a woman and seized 5.2kg of cocaine worth $5 million at the airport yesterday.

Officers stopped the 26-year-old who arrived from Burundi via Nairobi, Kenya and found the drugs in two laptop bags in her baggage.

She will be charged with drug trafficking and will appear at Eastern Magistracy tomorrow.