Beijing / AFP China’s total borrowings were more than double its gross domestic product (GDP) last year, a government economist said, warning that debt linkages between the state and industry could be “fatal” for the world’s second largest economy. The country’s debt has ballooned as Beijing has made getting credit cheap and easy in an effort to stimulate slowing growth, ...

  Seoul / AFP Samsung Electronics said on Thursday it had agreed to buy US cloud computing company Joyent — the latest in a series of start-up acquisitions aimed at strengthening the South Korean giant’s software capacity. The purchase of the San Francisco-based firm would provide Samsung with its own cloud platform to support its main mobile business and connect ...

  Beijing / AFP Chinese ride-hailing app Didi Chuxing, a bitter rival of US-based Uber, has raised $7.3 billion in one of the world’s largest private equity financing rounds, the company said on Thursday. Didi is locked in a war of attrition with Uber over drivers and riders but claims almost 90 percent of the market in the world’s most ...