Carl Huttenlocher is now one of my favorite hedge fund managers. Why? Because one year ago, the chief investment officer of Hong Kong-based Myriad Asset Management predicted, correctly, that the RMB would and must continue to devalue – at a time when mainstream wisdom believed in China's ability to keep a stable exchange rate. After […]

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Beijing-based pharmacy O2O (online-to-offline) platform Kfyao has completed RMB200 million (US$31 million) series B round of financing from Tiantu Capital. Kfyao says it will use the proceeds on expanding its offline pharmacy network and service improvement, according to Chinese media reports. Li Kanglin, Tiantu Capital's partner, will join Kfyao's board. Founded in May 2014, Kfyao […]

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The author is Ayaka Jones, analyst at U.S. Energy Information Administration Economic deceleration, industry restructuring, and new energy and environmental policies have slowed the growth of coal consumption in China and are also driving more centralized and cleaner uses of coal. After nearly a decade of rapid growth, energy-based consumption of coal, which currently supplies […]

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Asia-focused Olympus Capital Asia has invested US$40 million in Tendcare Medical Group to help the private Chinese hospital operator to expand in the country. Founded in 2009, Tendcare currently operates five hospitals with over 2,400 beds, four pharmacies, two medical equipment companies and 17 clinics across five cities in China. The company is in the […]

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