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China Daily) After slow start, upcoming release of big-name movies, domestic and international, injects fresh momentum into film market.Despite the summer heat, China’s film industry is gearing up to captivate a sea of cinemagoers during this traditionally lucrative box office season.As of Thursday, the film market had grossed more than 26.6 billion yuan ($3.67 billion) in
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Stockholm-based investment house EQT Group said it will formally launch its next Asia buyout fund in mid-August, as its current Asia vehicle is around 70% invested. The ninth BPEA EQT fund will, therefore, be activated in H1 2025, said Gustav Segerberg, EQT’s head of business development, at the firm’s half-year report announcement on Thursday. While
Women’s fashion. Photo by Unsplash Paramita Chatterjee, Kavitha Nair 19 July, 2024 Singapore-headquartered private equity (PE) firm L Catterton Asia is eyeing a corpus of about $500 million for its first India-dedicated investment vehicle, DealStreetAsia has learnt. Edited by: Joymitra Rai Start your deal-making journey now! Subscribe now to enjoy unlimited access at just $59.
Auxilo Finserve Private Limited, a leading non-banking finance company (NBFC) focused on providing education finance in India, is raising Rs 279 crore ($33.4 million) in a funding round led by LeapFrog Investments, through its Jade Inclusion investment vehicle. The financing will also see participation from existing investors Trifecta Leaders Fund-I and Xponentia Opportunities Fund-II. Founded
Cheng Pei Pei, a pioneering actress and star of movies like “Come Drink With Me” and “Crouching Tiger, Hidden Dragon,” died July 17. She was 78. One of the foremost stars of Hong Kong’s wuxia martial arts boom in the 1960s, Cheng returned to acting in the 1990s and 2000s with a series of high-profile
Chinese police have issued a public notice offering a 1 million yuan ($140,000) reward to anyone able to assist with recovering a pair of priceless stone lions that were stolen from a Tang dynasty emperor’s mausoleum 14 years ago. The notice, released on Monday, is the latest move in an epic investigation that has seen
A dispute over the results of a popular Chinese reality TV show has highlighted that most artificial intelligence models — and a surprisingly large number of people — struggle to answer even the most basic math questions. In an episode of the talent show “Singer” that aired on July 13, Chinese pop star Sun Nan
Last May, the author, translator, and filmmaker Pema Tseden died of a sudden heart attack in Lhasa. While the news came as a shock to all who knew him, myself included, the events of the past year prove that he has not been forgotten. His last film, “Snow Leopard,” released posthumously, won the Grand Prix
The Myers-Briggs Type Indicator (MBTI) personality test has become an obsession for many in China in recent years. Young people use it to select potential dates. Employers use it to screen job candidates. Influencers employ the test’s jargon to drive engagement. But society’s excessive trust in MBTI results is having unintended consequences, leading employers to
We have selected seven stories from this week’s news across Hong Kong, mainland China, the wider Asia region and beyond that resonated with our readers and shed light on topical issues. If you would like to see more of our reporting, please consider subscribing . 1. Chinese team says it can track US warships using
Malaysia on Saturday installed a motorcycle-riding billionaire sultan as its new king in lavish ceremonies for a post seen as a ballast in times of political crises. The coronation ceremony for King Sultan Ibrahim, 65, at the National Palace in Kuala Lumpur followed his oathtaking in January as the country’s 17th monarch. Malaysia is a
Hong Kong may issue a No 1 typhoon signal on Saturday evening, as the city’s forecaster continues to track the movements of a tropical depression in the South China Sea. The Hong Kong Observatory said the yet-to-be-named tropical depression was located in the central part of those waters and was expected to move towards Hainan
Growing number of Hong Kong’s domestic helpers embracing holidaying in mainland China Picturesque natural scenery, cheaper bargains as well as a whole new experience have prompted Filipino domestic helper Afolin Candaza to head to mainland China again and again. The 41-year-old, who has worked in Hong Kong for 10 years, has joined three day-trip group
Japanese and Pacific island leaders largely focused on climate change at their recent meeting even though Tokyo was keen to discuss security cooperation amid China’s growing military and economic influence in the region. The environmental hot potato was a “major priority” for Pacific island nations while Japan was setting its sights on boosting security initiatives
During her first term, von der Leyen pursued a strategy of de-risking from Beijing and oversaw a blitz of investigations, cracking down on what she called “market-distorting” subsidies in China’s hi-tech and clean-tech spaces. European Commission President Ursula von der Leyen celebrates after she wins a second term at the European Parliament in Strasbourg, France
Airlines expect overall passenger numbers to double over the next two decades from the 4.3 billion who flew last year, with growth led by emerging markets such as the Asia-Pacific and Middle East , according to the main global airline body. The projected surge in traffic could put further pressure on carriers to contribute to
Overseas groups step up support for Hong Kong’s Selina Cheng over Wall Street Journal sacking International press organisations and a top US congressional panel are leading a growing chorus of support for Hong Kong Journalists Association chairwoman Selina Cheng, who said she was fired by The Wall Street Journal for assuming her leadership role in
What do investment banks think of the Chinese Communist Party’s long-overdue third plenum? China’s Communist Party has published a communique after wrapping up its four-day closed-door third plenum for its decision-making Central Committee. Investment banks rushed to read between the lines for clues about the trajectory of the world’s second-largest economy. Offering little in the
The highly anticipated dark comedy “Successor” is rapidly emerging as one of China’s biggest movies of the year, becoming the first film of the summer to gross over 100 million yuan ($13.8 million) in a single day on Saturday. Co-starring Shen Teng and Ma Li — the comedic duo behind previous smash hits “Goodbye, Mr.
China’s visa exemptions for citizens from selected countries are contributing to a resurgence in inbound tourism nationwide, official data and the latest market research shows. International visitors made 14.64 million entries into China in the first half of this year, up by 153% from the same period in 2023, according to figures from the National
Chinese authorities have started investigating revelations that logistics companies have been transporting fuel and cooking oil in the same trucks — an illegal practice that experts say could cause a series of health risks. The Food Safety Office of the State Council announced on Tuesday that it had set up a cross-departmental task force to
SHANGHAI — With pitch-black mechanical legs and an expressionless face save for somewhat animated eyes, the 5.5-foot, 75-kilogram robot XR4 could have been plucked straight from a sci-fi movie, albeit one about domesticity. Like humans, it can understand conversations, pick up an egg, and even bake bread. Developed by the Chinese startup Dataa Robotics, the
According to a report by Chinese media outlet 36Kr, Starbucks’ Vice President Li Tao has left the company and joined Chinese tea beverage brand CHAGEE earlier this year. However, CHAGEE denied the report. Previously, Li Tao was in charge of national store development and asset management at Starbucks. Prior to Starbucks, Li Tao’s career spanned
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