Blue Pool Capital Ltd, which invests billions of dollars for wealthy clients including two top Alibaba Group Holding Ltd executives, is in advanced talks to back a new hedge fund that's being planned by a former Asia head of Balyasny Asset Management LP, according to sources with knowledge of the matter.
China's real estate giant Dalian Wanda Group announced last month that it will donate 10 million yuan to help build two new modernized schools in Qingdao, in East China's Shandong province, a further step to show the group's continuous philanthropy for education.
A conference that aims to help Hong Kong youth understand more about the Chinese mainland, to encourage them to start their own businesses, and to work in the mainland, took place in Tianjin in July.
Alibaba Group's logistics arm recently set up China's first online charitable logistics system with the goal of making donations easier and more transparent for generous donors.
Fonterra Co-operative Group, a leader in global dairy nutrition and the world's biggest exporter of dairy products, made a donation worth 200,000 yuan ($30,000) earlier last month to hundreds of infants, pregnant women and elderly villagers in Yingxian county, Shanxi province.
Students keen on languages, work and cultural experiences snap up package tours
US tech giant Apple Inc's famous free summer camp for children attracted hordes of Chinese kids last month. Thousands of young campers learned to make movies, play with robots, and even write code using iPad.
Chen Nan, a 36-year-old in Nanjing, Jiangsu province, shortlisted as many as five destinations, including Hawaii and Phuket, for a family summer vacation. Eventually, she settled for the Sonevafushi island of Maldives and flew her three-year-old son and parents there for an eight-day, seven-night holiday.
As Chinese people go global not just as tourists but as students, investors, businesspeople, researchers and inventors, interest in foreign cultures is increasing by the day.
Moves will follow the company's rapid rise in Indian market
Talks are taking place about a merger between Xinxing Cathay International Group Co and the parent of China First Heavy Industries Group Corp as part of the government's overhaul of State-owned enterprises, sources with direct knowledge of the talks said. Shares of the listed units jumped.
IMAX Corporation and IMAX China Holding Inc announced the largest ever deal for IMAX theaters on Tuesday. Under its terms, the company is set to build an additional 150 IMAX theaters with Wanda Cinema Line Co Ltd in the next six years.
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Raymond Zhou
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Berlin Fang
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Chen Weihua
