Fidelity Worldwide Investment's Head of Asian Fixed Income Sabita Prakash has left the firm, according to a source interviewed by Reuters and confirmed by a company spokesman.
China
Kingsoft to sell $20M stake in gaming subsidiary to Chinese smartphone maker Xiaomi
Beijing, China-based software company Kingsoft will sell a a 4.7% stake worth $20 million in its game developing subsidiary Westhouse to Chinese smartphone manufacturer Xiaomi.
Alibaba strengthens vulnerable areas ahead of public debut with acquisition: report
Chinese e-commerce firm Alibaba is trying to buttress its weaknesses ahead of its public debut later this year by acquiring firms, the Financial Times reported.
Chinese bloggers ask for support from John Kerry for Internet freedom in China
Chinese bloggers asked for the help of US Secretary of State John Kerry to help push for Internet freedom in China in a meeting at the US Embassy in Beijing, Bloomberg reported.
Beijing-based PICOOC pushes to break $20M in its second funding round
Smart bathroom scale maker PICOOC is raising $20 million for its second institutional funding round. The company makes the smart body scale brand Latin, TechNode reported.
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Mutual funds managed by the biggest names in Wall Street like BlackRock, Brevan Howard and T. Rowe Price, are showing poor performance with the decline in the emerging markets, an analysis from Reuters said.
Jaguar Animal Health Inc, a company that focuses on making veterinary products, received $2 million from BioVeda China Fund, a private equity firm based in China.
The Committee on Foreign Investment in the United States or Cfius is expected to thoroughly scrutinize the $2.9 billion acquisition of Motorola's handset business by Chinese technology firm Lenovo.
Sony Corp said the NHK report that it was talking Chinese technology firm Lenovo Group about a joint venture for its Vaio business abroad was not accurate but did say that it was thinking of possibilities for the loss-making unit, Reuters reported.
BTC China, the biggest bitcoin exchange in the world, has begun allowing users to buy the digital currency using Chinese yuan again, just a month after it halted renmibi deposits because of a bank warning.
Although they have remained silent for the good part of 2013, venture capitalists are now going back to China as the IPO market opens, but strategic investors are offering tough competition, The Wall Street Journal blog Venture Capital Dispatch reported.
A ruling from a US court that banned the affiliates of the four biggest accounting firms may lead Chinese companies to seek an IPO in Hong Kong than in New York, Bloomberg reported.
Dublin, Ireland-based pharmaceutical firm Actavis sold its stake in Chinese subsidiary Actavis (Foshan Pharmaceutical Co) for an undisclosed sum because of its limited presence in the country.
PCA Investments have decided to close a multistrategy hedge fund after China's sovereign wealth fund China Investment Corp withdrew its support, according to sources interviewed by Bloomberg.
