Shenzhen-based Chinese venture firm Fortune Capital has invested RMB300 million (US$48 million) in Focus Media Holding Limited for an undisclosed stake in the digital media and display advertising company, according to Chinese media reports. Shanghai-based Focus Media was de-listed from the NASDAQ after a go-private deal led by company founder and a group of private […]

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Suzhou, Jiangsu province-based cloud computing optical transceivers maker InnoLight Technology Corporation, backed by Google Capital and Lightspeed China Partners, has filed for an initial public offering on the NASDAQ, according to a securities filing. The company plans to raise US$100 million, which is a preliminary estimate of the size of the float used only to […]

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The Steering Committee on Mediation today launched a six-week public consultation to seek views on whether to enact apology legislation.

The Department of Justice said that, following a mishap, a party causing injury may wish to convey their apology to the injured for the loss and suffering sustained. Even if the former party genuinely believes they have done nothing wrong, they can still wish to convey their sympathy to the other party out of goodwill and benevolence.

However, it said there is a general reluctance to make apologies and lawyers are often reluctant to advise their clients to apologise. This is because the legal consequences of making an apology are not entirely clear, and an apology may be relied on to establish liability in legal proceedings.

It said the main objective of apology legislation is to promote and encourage the making of apologies to facilitate the amicable settlement of disputes by clarifying the legal consequences.

Apology legislation can be found in many jurisdictions, including the US, Canada, Australia and the UK.

The consultation will end on August 3. People can submit their views by email.

Click here to view the consultation document.

A 49-year-old man has died after the truck he was driving collided with a car in the next lane as they were about to enter the Cross Harbour Tunnel towards Hong Kong.

The incident occurred at about 9:30pm yesterday.

The truck driver had no apparent injuries but was unconscious when he was sent to Queen Elizabeth Hospital where he died.

Anyone who saw the accident should call Police investigators at 3106 8838.

Ant Financial Services Group, a small and micro financial services company under Alibaba Group's Alipay, will officially launch their online banking platform MYbank on June 25, 2015. MYbank is also known as Zhejiang Online Business Bank and is one of the first five trial private banks approved by China Banking Regulatory Commission on March 11, […]

The Ministry of Industry and Information…