It’s usually the other way around; North Korean state media reprinting The Onion as fact, or Chinese media falling for The New Yorker’s satire column. This time, however, the Western Media Bullshit Detector © must have been broken, because a plethora of reasonably respectable sources incorrectly reported that Kim Jong Un had his uncle executed by (and I’m paraphrasing here) stripping him naked and feeding him to more than…

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The author is chief China economist at Capital Economics Mark Williams We believe that pledges by People’s Bank of China (PBoC) to end currency intervention are likely to crumble in the face of sustained pressure on the RMB to appreciate. We forecast that China’s central bank could accumulate another half a trillion dollars of foreign

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Happy New Year! It’s either the blessing or curse of Westerners living in China: one holiday period ends, and then another begins, as the Christmas/New Year season gives way to Spring Festival/Chinese New Year. As such, for the next couple of weeks,…

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Private equity funds raised a total of $431 billion globally in 2013, up 13% from 2012. It’s the highest amount of fundraising since the global financial crisis, according to data released by private equity research firm Preqin. The previous record was set in 2008 when $688 billion was raised by private equity funds globally. The

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Beijing-based peer-to-peer (P2P) lending platform Renrendai.com has raised $13 million in series A funding, according to Chinese media reports. Trust Bridge Partners led the round. Another undisclosed investor also participated. Renrendai previously received seed funding from Honghe Capital. Founded in May 2010, Renrendai currently provides P2P lending services in over 30 provinces in China. Visit

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Suzhou-based private equity firm Eastern Link Capital says it has raised RMB2 billion ($330 million) for its second RMB fund, according to a company announcement. Following the strategy of Eastern Link’s first fund, the new fund, Suzhou Industrial Park East Link Investment Center, will continue to invest in the consumer, pharmaceutical, IT and new energy

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French Style Tapas @ La Poste, Chocolate Chic @ Tea Room & Chocolate Chic @ Tea Room

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New York-listed Chinese education service provider Noah Education Holdings Ltd. says it has received a preliminary non-binding proposal from an investor consortium including the company’s chairman Xu Dong, president Tang Benguo and co-founder Wang Xiaotong to take the company private, according to a company announcement. MSPEA Education Holding Limited, an affiliate of Morgan Stanley Private

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Robocoin, a Bitcoin ATM machine, was deployed in Hong Kong and Taiwan. Robocoin was first launched in Vancouver, Canada, in October 2013, which caused a sensation. Since then, this product has been purchased by over 1,900 individuals and enterprises around the world. According to Jordan Kelley, chief executive officer of Robocoin, Asia’s demand for Bitcoins

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Stockholm-based Elekta says it gained a USD28 million purchase order from the Health Department of the People’s Liberation Army in China. The company will deliver to fourteen Chinese hospitals 15 linear accelerators. Elekta has been present in China since 1982, and China is the company’s second largest market. Elekta solutions in oncology and neurosurgery are

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