Hangzhou-based Chinese investment firm Cybernaut Investment Group has agreed to partner with Russia's state-backed Skolkovo Foundation to launch a US$200 million venture fund, a start-up incubator for Russian businesses, and a new Chinese robotics center, according to media reports. The US$200 million venture fund will invest in companies based in Skolkovo, Russia, in the IT, […]

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Beijing-based consumer service O2O (online-to-offline) platform Helijia has completed US$49.5 million series C round of financing led by Qiming Venture Partners, according to a Wechat post published by its founder. New investors, Maison Capital and GX Capital, as well as existing investors IDG Capital Partners and Broadband Capital, also participated. Founded in 2014, Helijia connects […]

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Hong Kong-headquartered financial product comparison platform CompareAsiaGroup has completed US$40 million series A round of financing led by Goldman Sachs Investment Partners, according to a company announcement. Jardine Pacific, Nova Founders Capital, ACE & Company, Route 66 Ventures also participated in the round. Angel investors Mark Pincus, founder of Zynga, and Owen Van Natta, ex-chief […]

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Global private equity firm TA Associates has hired Daisy Cai in its Hong Kong office as director, focusing on investments in growth companies in China, according to a company announcement. Cai joins TA Associates from Goldman Sachs Investment Partners in Hong Kong, where she has been leading deal sourcing, due diligence, transaction execution and portfolio […]

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China's HSBC flash manufacturing purchasing managers index (PMI) slips to 49.2 in April, from a final reading of 49.6 and a flash reading of 49.6 in March, reaching a 12-month low for the index. "Operating conditions in China’s manufacturing sector deteriorated slightly for the second month running in April…Production increased only marginally, while total new […]

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The Police will make the necessary risk assessment and officer deployment when officials are out in the community promoting the Government's political reform package, like any other public order event, Commissioner of Police Andy Tsang said today. 

Mr Tsang's comments follow rowdy protests during a political reform publicity campaign in Mei Foo last night.

He told reporters this afternoon that it is the Police's responsibility to maintain public order and safety, adding that resolute enforcement action will be taken against any person who acts violently and unlawfully.

Responding to suggestions that seven police officers who allegedly beat a Civic Party activist during the Occupy movement last year had refused to stand in an informal identity parade, Mr Tsang stressed that all suspects, regardless of their background, are equal under the law. They can choose to remain silent or not co-operate, and he believed the officers were exercising their rights.

Police have arrested a 36-year-old man after his van reportedly struck and killed a woman in Cheung Sha Wan.

She was hit while crossing Castle Peak Road about 10.30am today.

She was sent to Princess Margaret Hospital where she later died.

No identity document was found in her possession. She was believed to be aged 70 to 80. She was about 1.63 metres tall, with a medium build and short grey hair. She was found wearing a purple jacket, black trousers and brown plastic slippers.

The driver has been arrested for dangerous driving causing death.

Anyone with information on the accident or the victim should call Police on 2773 5200 or 2773 5262.

Zambia will grant visa-free access to Hong Kong Special Administrative Region Passport holders, the Immigration Department announced today.

The duration of stay will be determined by Zambian authorities upon arrival.

These bring Hong Kong's total of visa-free or visa-on-arrival agreements with other countries and territories to 152.

Click here for more information.

Edmond de Rothschild Asset Management has appointed Li Weiwei as head of Chinese equities, based in Hong Kong, according to an emailed statement. She replaces Hu Xing, who left the group in March to explore new professional opportunities. Li Weiwei will report to Thomas Gerhardt, head of emerging equities and commodities. "With the gradual opening […]

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Hong Kong's largest broadcaster Television Broadcasts Limited (TVB) says that it has won government approval to accept investment from Li Ruigang, chairman of Chinese media conglomerate the Shanghai Media Group, according to a company announcement. Li Ruigang, who is also the founder CMC Capital Partners, will become a member of Young Lion Holdings Limited, an […]

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