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Insights
12-Jun-19 Waterdrop, a Chinese online insurance platform backed by Tencent, has raised more than a billion yuan (USD145 million) in funding led by PE firm Boyu Capital. Waterdrop started as a healthcare crowdfunding platform before branching into online insurance sales. [image: AP Photo / Mark Schiefelbein]
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Insights
10-Jun-19 Vingroup JSC has started work on a smartphone factory with a 125 mn unit capacity. CEO Nguyen Viet Quang said orders from partners in the US and Europe spurred the investment in increasing its current capacity by 25 times. [image: Reuters / Mai Nguyen]
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Insights
09-Jun-19 The Middle East has been China's primary source of energy exports for decades but the Asian giant is now returning the favour. Chinese companies are helping develop some of the Middle East's most ambitious energy projects to meet surging demand. [image: Zawya]
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Insights
09-Jun-19 China’s e-commerce giant Alibaba and Russia’s RDIF sovereign wealth fund will each invest USD100 million in a Russian joint venture, and Alibaba will contribute AliExpress Russia into the joint venture. This consists of Alibaba's Russia-based domestic and cross-border operations. [image: Retail News Asia]
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Insights
03-Jun-19 INEOS has signed an MOU with Saudi Aramco and Total to build three plants at the Jubail 2 complex in Saudi Arabia. The energy efficient plants producing acrylonitrile, LinearAlphaOlefin and PolyAlphaOlefin will have access to competitive raw materials and energy. [image: INEOS]
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