When a new hedge fund opened in Mountainside, New Jersey, a leafy suburb that still holds an annual little-league parade, few would have guessed where much of its funding came from: Chinese billionaire Cai Kui.
On the other hand, it’s ridiculous to say Biden is a Chinese asset — if he were, his handler would tell him to oppose China here and there to build credibility. But China can count on Joe Biden always to take China’s side.
The Dow Jones Industrial Average sank more than 2,000 points on Monday, its worst day since 2008, as fears about the spread of the new coronavirus and an oil price war sent investors scrambling out of stocks.
Chinese private equity firm Hony Capital and Japan's SoftBank Group Corp. have agreed to inject US$500 million into an investment vehicle to operate WeWork Cos.'s China unit to fuel the American co-working giant's growth and expansion throughout China.