Greater China-focused hedge funds were up 1.29% in September, having preserved their gains from early 2015 with gains of 4.44% year-to-date, outperforming the CSI 300 Index by almost 14%, according to data released by data tracker Eurekahedge. Asia ex-Japan hedge funds were up 0.57% in September and 4.18% year-to-date, compared to the MSCI AC Asia […]

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Shanghai-listed heavy machinery maker Sany Heavy Industry Co., Ltd. has backed and funded Enlightenment Capital, a newly established venture capital firm to invest in start-ups in the Internet Of Things (IoT) sector in China. Beijing-based Enlightenment Capital says it plans to invest in around 50 projects in the next three years, without specifying how much […]

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The Chinese company known for making cruise missiles and anti-aircraft artillery will now establish a smart robot company. With an undisclosed capitalization level, China Aerospace Science & Industry Corporation aims to create a leading company in the Chinese smart robot industry via various measures including introducing strategic investment. CASIC's intelligent robot company is positioned as […]

Ucar Group, a mobile app-based chauffeured car service start-up backed by Chinese car rental firm CAR Inc. has reportedly made an undisclosed strategic investment in Beijing-based designated driver reservation app maker eDaijia. Both Ucar and eDaijia are backed by global private equity firm Warburg Pincus, LLC, which play a key role in the putting the […]

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China's consumer price index (CPI) moderated to 1.6% year-on-year increase in September, down from 2.0% in August, due to a high base for comparison and a moderation in food inflation. Producer price index (PPI) declined 5.9% year-on-year in September, unchanged from August, reflecting weak domestic demand and soft global commodity prices. "The PPI remains negative […]

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