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Fosun buys Indian pharma company

Fosun will acquire an 86.08 percent stake in Indian pharmaceutical enterprise Gland Pharma Ltd for $1.26 billion, in the largest overseas acquisition by a Chinese pharmaceutical company.

Baidu delivers more bad news to investors

Baidu Inc warned that curbs on online advertising will hurt revenue growth for the next two to three quarters, delivering the latest dose of bad news to investors in China's largest internet search service.

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Economy

Brexit creates new opportunities in Asia

Britain's exit from the European Union has caused widespread concern over its negative impact on the global economy, but some researchers and experts said they believe it can also be seen as "a new beginning" with more investment opportunities and freer international relations.

Companies

Fosun buys Indian pharma company

Fosun will acquire an 86.08 percent stake in Indian pharmaceutical enterprise Gland Pharma Ltd for $1.26 billion, in the largest overseas acquisition by a Chinese pharmaceutical company.

Industries

Regulation of WMPs to tighten

The banking regulator is set to tighten its control on wealth management products, in order to rein in risks to the banking sector.

Motoring

Tesla opens Gigafactory to expand battery production, sales

It's Tesla Motors' biggest bet yet: a massive, $5 billion factory in the Nevada desert that could nearly double the world's production of lithium-ion batteries.

Technology

Baidu delivers more bad news to investors

Baidu Inc warned that curbs on online advertising will hurt revenue growth for the next two to three quarters, delivering the latest dose of bad news to investors in China's largest internet search service.

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