Awash with money and scrapping over a limited number of deals, China’s venture capitalists may be waiting for the bubble to burst
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Category: Investment
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Lehman, IBM plan joint China fund
Lehman Brothers and IBM plan to announce a new US$180 million joint-venture fund to invest in China, the Financial Times reported. The fund may be the first venture of its kind by an investment bank and an industrial company and plans to target a range of sectors for investment including technology, telecoms and industry. The […]
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R&D spending in Asia surges
Companies are spending record amounts in research and development, the Financial Times reported, and a big chunk of that money is going to Asia. A scoreboard of R&D spending by the UK Department of Industry shows European companies spent 5.6% more on R&D in 2005-6 than the year before, US companies hiked their spending by […]
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Shanghai stocks hit five-year high
Shanghai stocks rose to a five-year high, suggesting economic curbs are working, the Hong Kong Standard reported. The Shanghai Composite Index rose 5.07 or 0.3% to close at 1,792.25 on Thursday, its highest close since September 25, 2001. Analysts said the index could break the 1,800 psychological barrier in coming sessions. Sinopec paced gains by […]
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Carlyle makes smaller Xugong bid
US private equity firm Carlyle Group has agreed to reduce the size of its proposed investment in Chinese construction equipment manufacturer Xugong in order to push the deal through, the Wall Street Journal reported. Following widespread concern in China that foreign investors were pillaging the country's economic assets, Carlyle is to bid for a 50% […]