China’s Didi raises over USD5.5b in record tech funding

Ride-hailing giant Didi Chuxing raised more than USD5.5 billion from investors, scoring the largest round of funding ever for a technology company to bankroll an expansion

Swiss watchmaker Breitling agrees to sell to CVC

CVC Capital Partners has agreed to buy Breitling, the Swiss watchmaker known for aviation-themed timepieces worn by actor John Travolta, in a deal said to be

Corporate bits | Thriller live returns to the Parisian

Thriller Live, a theatrical concert that commemorates one of the world’s greatest entertainers, Michael Jackson, returned to The Parisian Theatre last Friday. Following its successful run

Ask the Vet | Common questions about queening and breeding cats

Breeding cats can be a wonderful experience. However, unless you are prepared to learn how to take care of a breeding cat and have homes for all the kittens,

Corporate bits | Wynn holds leadership program graduation ceremony

  Gaming operator Wynn recently organized a graduation ceremony for the first batch of employees who successfully completed the “Leadership Acceleration Program-Gaming,” launched in 2016. The ceremony also aimed

Real Estate Matters | The Best Places to Live in Macau – 2017 – Part I

“Where is the best place to live?” is a question we are often asked by people new to Macau and hunting for a home, so every year for

Retail | Hermes confirms luxury rebound with strong gains in Asia

Hermes International SCA reported quarterly sales that beat estimates as the brand’s new production sites maintained faster output of Birkin bags and other leather goods

Corporate bits | SJM inaugurates Jai Alai Avenue

Jai Alai Avenue was inaugurated on Monday at the Jai Alai Complex, showcasing over 60 famous cosmetics and fragrance brands. At its 30,000 square foot sight,

Innovation | BMW invokes fear factor to rally staff in pivot to electrics

Inside a bright auditorium at an abandoned airfield near Munich, rows of men and women gaze at images flashing by on a giant screen: a

Lotte regrouping to holding company to move past family feud

Lotte Group plans to divide four of its key businesses into operating and holding units in a move that will slash the number of cross shareholdings and extend its

Corporate bits | CEM hosts ‘power elites’ second visit

CEM Macau launched the “Power Elites” Training Program last September. The program attracted over 50 Form 1 and Form 2 students from 12 secondary schools to participate.

Briefs | FCA, Google begin offering rides in self-driving cars

Fiat Chrysler and Google for the first time will offer rides to the public in the self-driving automobiles they are building under an expanding partnership. The companies

LVMH to consolidate hold on Dior in multibillion-euro deal

The French magnate behind LVMH moved to incorporate Christian Dior into his luxury goods empire in a 12 billion-euro (USD13 billion) deal. It’s the latest business coup

China to relax foreign car venture limit in orderly manner

China has provided the clearest indication to date that it plans to lift the cap on how much foreign carmakers can own of their local joint

Wisconsin tribes clash in casino expansion fight 

At 85, Betty Putnam-Schiel has trouble standing, but she gets along well enough in her home on the Stockbridge-Munsee Band of Mohicans’ northern Wisconsin reservation thanks to

Analysis | Corporate China needs much better control

When it emerged last week that China Minsheng Banking Corp. had sold USD436 million in suspect wealth-management products, fears rose of a collapse in the loosely

Macau | IPIM streamlines business promotion regulations

Macau has simplified and improved some of its regulations for trade and investment promotion, the MSAR’s investment promotion body said yesterday. The Macau Trade

Australia says Chow Tai Fook’s Alinta takeover has won approval

Chow Tai Fook Enterprises Ltd., the Hong Kong conglomerate best known for its jewelry stores, has won Australian regulatory approval to acquire gas and electricity provider

Ask the Vet | Transitional cell carcinoma in cats

Transitional cell carcinoma (TCC) affects the cat’s bladder. This is an extremely rare cancer; only 0.8 percent of abnormal masses involve this form of cancer, but

Ignore China’s credit risks at your peril, says top manager

Investors in Chinese debt aren’t paying enough attention to rising credit risks, according to a top bond fund manager. Some market participants have focused

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