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Startups cycle toward ‘Uber for bikes’ craze

CHINA’S tech industry giants are ploughing hundreds of millions of dollars into what they’re betting will be the country’s next big Internet craze — “Uber for bikes.” A symbol of China...

Germany blocks Chinese firm’s deal for Aixtron

THE German government has withdrawn its approval for a Chinese takeover of chip equipment maker Aixtron, citing security concerns and throwing up an unexpected hurdle for a 670-million-euro (US$728...

China’s Oceanwide buys US insurer Genworth

A Chinese conglomerate has agreed to buy New York-listed US insurance firm Genworth Financials for US$2.7 billion, the latest in a Chinese buying spree of foreign assets. China Oceanwide Holdings,...

Weak sentiment cools housing market

SHANGHAI’S housing market cooled last week as sentiment among both home seekers and real estate developers weakened as government measures to tame rising prices began to take effect.

HNA Group to acquire 25% of Hilton

CHINESE aviation and shipping conglomerate HNA Group said yesterday that it would buy about 25 percent of hotel operator and manager Hilton Worldwide Holdings Inc from biggest shareholder Blackston...


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