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US Tops the List As Half of Chinese Millionaires Look Overseas

The Chinese government’s tightening grip on cross-border capital flows isn’t stopping many of the nation’s high net worth individuals (HNWIs) from heading abroad in search of investment opportunities, better school systems and cleaner air. The US remains the destination of choice for wealthy Chinese for the third year in a…
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Tencent in Talks to Invest $400 Million in Ola

Chinese internet conglomerate Tencent is in advanced talks to invest in India’s largest ride hailing app Ola, according to four people aware of the talks, which if successful could result in an investment of $400 million providing the Bengaluru company with more cash to stave off the challenge from close…
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Chinese Top Foreign Homebuyers in US for 4th Straight Year

The Chinese appetite for American housing is sharper than ever, with Chinese topping the list of foreign homebuyers in the US for the fourth year in a row. According to a recent survey of American realtors, people from mainland China, Hong Kong and Taiwan shelled out $31.7 billion for houses…
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Real Estate Investments Help CIC Jump To 6.2% Return In 2016

Sovereign wealth fund China Investment Corporation (CIC) returned to profitability in 2016 after a dismal showing the previous year, as the mainland’s leading investor in overseas real estate ramps up its exposure to property and other alternative assets. The world’s third-largest sovereign wealth fund by assets reported a 6.22 percent…
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Alibaba Is Said in Talks for Stake in Indonesia's Tokopedia

Alibaba Group Holding Ltd. is in talks to make a major investment in Indonesia’s PT Tokopedia, people familiar with the matter said, potentially scoring a second deal to accelerate its expansion into Southeast Asia’s largest economy. The Chinese company is in negotiations to lead a funding round in Indonesia’s largest…
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