Cayman Islands remains busiest offshore jurisdiction for dealmaking in 2017
The Cayman Islands held on to its spot as the top jurisdiction for offshore M&A transactions in 2017, recording about one-third of all deals and total deal value, according to a report released today by offshore law firm Appleby. The…
China’s people surveillance AI startup tops $4.5B valuation
By Simon Alvarez From Teslarati Chinese AI startup SenseTime, a company that develops people surveillance software for the country’s law enforcement, recently finished a new funding round worth $600 million. The latest round, led by Chinese e-commerce giant Alibaba, raised…
Taiwanese navy flotilla on good will mission to Caribbean
From The St Kitts Nevis Observer A Taiwanese navy flotilla docked in Nicaragua on Monday in a high-profile visit highlighting ties with Central America and the Caribbean that are shrinking as China presses countries in the region to drop diplomatic…
Sohu to Reincorporate from Delaware to Cayman Islands
By Peter H. Frank From Capital Watch The Chinese internet giant said that shareholders would not be affected, except that they would receive American depositary shares in the newly established company. Sohu.com Inc. announced today its intention to end its…
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Bombardier reports 57% rise in profits
By Jamie Robertson From BBC Bombardier, the train and plane manufacturer at the centre of a trade row between the US, the UK and Canada, has seen a 57% rise in profits. The US Commercial department had threatened to impose…
Royal Caribbean owned cruise line ending operations later this year
By Ben Souza From Cruise Fever Royal Caribbean and Ctrip have announced that they are ending operations for their SkySea Cruise Line later this year. SkySea Cruise Line, the first smart contemporary cruise line specifically developed for the Chinese market,…
With almost 191 million Chinese tourists by 2021, global brands should embrace WeChat, says GlobalData
China is the largest outbound market in the world with 136.5 million Chinese traveling abroad in 2017. The country’s outbound market is substantially larger than the US, which currently ranks second in terms of international departures. With outbound travel and…
Unusual furniture
Unusual Furniture Design: These Super-Beds from China Come Loaded With Accessories BY RAIN NOE From Core77 Shockingly, most of them are less than USD $500 I think the hours we spend sleeping are enough time to spend in a single…
Bitcoin miners turn Quebec’s cheap energy into cold cash
By Steve Dent From engadget Bitcoin mining is a weird industry. Vast banks of dedicated computers solve complex equations to generate hashes worth a fraction of a coin, consuming huge amounts of power in the process. For such operations to…
Gartner reports first ever global decline in smartphone sales
By Natasha Loma From techcrunch Global smartphone sales have not been firing on all cylinders for several years now but Gartner’s latest figures record the first ever decline since the analyst began tracking the market all the way back in…
