Posts From Ray Pierce

 A unit of China’s Alibaba has invested $ 146 million in Indian online grocer BigBasket, strengthening its position in the country’s online retail space and potentially posing a challenge to U.S. rival Amazon.com. Alibaba.com Singapore Ecommerce Pvt Ltd led the

WASHINGTON (Reuters) – The U.S. derivatives regulator is set to announce it has fined European lenders UBS, HSBC and Deutsche Bank millions of dollars each for so-called “spoofing” and manipulation in the U.S. futures market, three people with direct knowledge

Japanese cryptocurrency exchange Coincheck confirmed that some $ 524 million worth of digital coins had been stolen—likely making it the largest single hack on an exchange, even outweighing the Mt. Gox breach of 2014. That’s according to Japanese newspaper Asahi

NEW DELHI/TOKYO (Reuters) – Japanese steel and engineering companies are in the driver’s seat to bag major supply contracts for a $ 17 billion Indian bullet train, several sources said, undermining a key component of Prime Minister Narendra Modi’s economic

A share surge at Country Garden Holdings, China’s largest developer by sales, has sent Vice Chairman Yang Huiyan’s wealth up by $ 2.1 billion—and that’s just in the first four trading days of the year. Yang, controlling shareholder of Country

MoneyGram is calling off its merger with a Chinese financial services giant after failing to get approval from the U.S. government. “The geopolitical environment has changed considerably since we first announced the proposed transaction with Ant Financial nearly a year

Pakistan’s new finance ministry chief Miftah Ismail said he plans significant tax reforms in the five months before the government’s term ends ahead of a 2018 election, and touted a policy of greater currency flexibility. Pakistan’s government has in recent

SINGAPORE (Reuters) – India is set to surpass China as the biggest importer of liquefied petroleum gas (LPG) this month as a drive to replace wood and animal dung fires for cooking boosts consumption. Shipping data in Thomson Reuters Eikon

Japan and the European Union have finalized a huge free trade deal that covers 600 million people and almost a third of the global economy. The Economic Partnership Agreement, which has been in the works since 2011, will remove tariffs

This article originally ran in Term Sheet, Fortune’s newsletter about deals and dealmakers. Sign up here. Hans Tung, a managing partner at GGV Capital, has been a U.S.-China investor for more than a decade. His portfolio includes Xiamoi, Airbnb, Wish,