For China's second-generation rich kids, investing is the surest and fastest way to squander their wealth, quips a Chinese commentator. Compared to a Macau excursion or a sumptuous birthday party, one could lose millions of Yuan much more efficiently when investing. Jokes aside, the Fuerdai, a Chinese phrase referring to the second generation of the […]

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Mountain View, California-based DNA testing firm 23andMe, Inc. has completed US$115 million series E financing round led by Fidelity Management & Research Company, with participation from new investors including WuXi Healthcare Ventures. Other investors include Casdin Capital, Illumina, New Enterprise Associates, MPM Capital, and Google Ventures, also joined the funding round, according to an announcement. […]

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China’s GDP growth slowed to 6.9% year-on-year in the third quarter 2015, down from 7.0% during the first half, according to data released by the National Bureau of Statistics. Domestic activity indicators remained low in September, with fixed asset investment increasing 10.3% year-on-year during the first three quarters, below the target of 15% this year. […]

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