Bridgewater Taps China's Wealthy With a 21% Return Asia Strategy
Bridgewater Associates is tapping rich Chinese investors seeking exposure to overseas assets, with plans to raise an Asia-strategy fund as the region's policymakers look to stimulate local economies following President Donald Trump's global tariffs.
The US giant's Shanghai-based China private fund management arm is looking to raise money for an onshore product for local clients this month before investing into its offshore Asia ex-China Total Return Fund, according to people familiar with the matter. The fund has generated a 20.7% annualized return since its inception in October 2023, the people said, asking not to be named as the matter is private.
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Associated Press
32 minutes ago
- Associated Press
DeRUCCI: A Global Pioneer in Healthy Sleep, Originating from China
06/21/2025, Dongguan, china // KISS PR Brand Story PressWire // From June 19 to 20, 2025, the 2nd Global Going Global Summit and Mid-Year China Industry Forum, themed 'Born Global · Inclusive Growth', was successfully held at Marina Bay Sands Convention Centre in Singapore. As a landmark event marking the internationalization of Chinese brands, the summit brought together senior government officials, scholars, and renowned entrepreneurs from across the globe. More than 1,000 leaders of outbound Chinese enterprises convened in Singapore to explore a new pathway for China's global expansion—from 'capacity migration' to 'civilizational coexistence.' As an official brand partner of the summit, and a leading force in China's home furnishing industry and high-end sleep sector, DeRUCCI showcased its global influence. The company's participation highlighted the determination and depth with which Chinese brands are advancing in the field of healthy sleep, setting new benchmarks on the global stage. Sleep Economy: Opportunities and Challenges in a Trillion-Dollar Blue Ocean Today, insomnia and poor sleep quality have become widespread issues affecting hundreds of millions of people across the globe—fueling an unprecedented boom in the sleep economy. According to consulting firm Frost & Sullivan, the global sleep economy is projected to reach USD 585 billion by 2025. This growing challenge has prompted high-net-worth individuals—who prioritize wellness and quality of life—to actively seek ways to improve their sleep. With increasing spending power and awareness, the sleep sector is emerging as the next high-margin category, following in the footsteps of nutrition and fitness. Among the wide range of sleep solutions, premium bedding has drawn particular attention for its direct impact on sleep environments and measurable improvements in sleep quality. However, this is also a fast-growing and highly competitive space. The key question is: How can brands win the trust of high-end consumers and secure a foothold in the global market? DeRUCCI, evolving from a market leader in China to a global benchmark in healthy sleep solutions, offers a compelling answer. Innovation-Driven: Transforming the Sleep Experience Through Technology In the high-end bedding market, product innovation is the key to brand differentiation. Achieving this innovation depends on technological breakthroughs in R&D and uncompromising quality control in manufacturing. For over two decades, DeRUCCI has remained committed to its mission of helping people sleep better. Guided by the principle of technology-empowered sleep, the brand integrates cutting-edge advancements—such as ergonomics, material science, and AI algorithms—into every aspect of product design. At CES 2025 in Las Vegas, DeRUCCI showcased its latest AI-driven innovations: the T11+ Smart Mattress and the T11PRO Smart Bed, which features an intelligent adjustable slatted frame. These products represent a full-spectrum AI application—from mattress to bed frame—delivering customizable entertainment before sleep, real-time comfort optimization during sleep, and assisted rising after sleep. The underlying algorithm has been upgraded to AI Tidal Algorithm 2.0, enabling the system to track users' historical body movement data for deeper, more accurate analysis and smarter responsiveness. DeRUCCI's commitment to innovation also extends to manufacturing. At its smart factory in Dongguan, built to Industry 4.0 standards, AI algorithms are used to optimize raw material cutting and assembly, reducing the customized production cycle to as little as three days. This highly flexible manufacturing capability empowers DeRUCCI to rapidly meet diverse market demands across different regions—enhancing both operational agility and customer satisfaction. Born Global: Localization Strategy for Cultural Resonance True globalization goes beyond market expansion—it requires a deep integration of culture and local consumer needs. As DeRUCCI expands globally, it adheres to a dual strategy of global R&D with local customization, anchored by the localization of sales, manufacturing, and talent. To meet the firmer comfort preferences of European and North American consumers, DeRUCCI has introduced high-density support mattresses. In Southeast Asia, it has developed antibacterial and anti-mite fabrics designed for the region's humid climate. For channel development, the brand has partnered with France's MDL Group to accelerate its entry into high-end home furnishing markets in Europe. In North America, DeRUCCI reaches its target audience through e-commerce platforms such as Amazon and Walmart. Today, DeRUCCI operates more than 5,400 stores across 10 countries. While online engagement is essential for durable consumer goods, in-person experience remains irreplaceable. After all, high-end bedding directly influences sleep quality—and by extension, overall well-being. Giving overseas consumers the opportunity to physically test DeRUCCI mattresses helps them truly appreciate their ergonomic support, firmness adjustability, and the innovative role of AI in sleep technology. Whether in luxury shopping malls in bustling cities or street-level stores in prime locations, DeRUCCI creates carefully curated, comfortable spaces where consumers can immerse themselves in a premium sleep experience. Amid global headwinds and rising consumer expectations, DeRUCCI continues to write a remarkable brand story—driven by technology, rooted in craftsmanship. It proves that real globalization is not about replicating products, but about solving universal problems through innovation and creating value through cultural resonance. As the Eastern name DeRUCCI appears in New York, Berlin, and Sydney, what the world sees is more than the rise of a Chinese brand—it is a new possibility for healthier, happier living. Organization: DeRUCCI Contact Person: DeRUCCI Website: Email:[email protected] Facebook: DeRUCCI Instagram: derucciofficial Country: China City: DongGuan
Miami Herald
32 minutes ago
- Miami Herald
Senate official rejects food aid cuts proposed by Republicans in megabill
A top Senate official on Friday night rejected a bid by Republicans to slash federal food aid payments as part of their sweeping legislation carrying President Donald Trump's domestic agenda, sending party leaders scrambling to find another way to help offset the massive cost of the bill. The measure passed by the House last month and on track to be considered in the Senate next week would cover part of the cost of extending and expanding large tax cuts by cutting social safety net programs including Medicaid and nutrition programs, including SNAP, formerly known as food stamps. Republicans are moving the bill through Congress using special rules that shield it from a filibuster, depriving Democrats of the ability to block it. But to qualify for that protection, the legislation must comply with a rigorous set of budgetary restrictions meant to ensure that it will not add to the deficit. And the Senate parliamentarian, an official appointed by the chamber's leaders to enforce its rules and precedents, must evaluate such measures to ensure that every provision meets those requirements. Elizabeth MacDonough, the parliamentarian, ruled that the SNAP measure, which would push some of the costs of nutrition assistance onto the states, did not. That sent Republicans back to the drawing board to find another strategy for covering tens of billions of dollars of the bill's cost. She also said Republicans could not include a provision that would bar immigrants who are not citizens or lawful permanent residents from receiving SNAP benefits, according to Sen. Jeff Merkley of Oregon, the top Democrat on the Budget Committee. The House-passed bill would require all states to pay at least 5% of SNAP benefit costs, and more if they reported a high rate of errors in underpaying or overpaying recipients. That provision was estimated to save roughly $128 billion. Senate Republicans were unsettled by that plan, arguing it would tee up insurmountable budget shortfalls for their states. They softened it, advancing a lower share for states to shoulder than that set forward by the House proposal. On Saturday, Sen. John Boozman, R-Ark., the chair of the Agriculture Committee, said GOP senators would continue to try to find a way to cut food assistance that complied with Senate rules. 'To rein in federal spending and protect taxpayer dollars, the committee is pursuing meaningful reforms to the Supplemental Nutrition Assistance Program to improve efficiency, accountability and integrity,' Boozman said in a statement. He said he was looking at options 'to ensure SNAP serves those who truly need it while being responsible stewards of taxpayer dollars.' Sen. Amy Klobuchar of Minnesota, the top Democrat on the Agriculture Committee, cheered the parliamentarian's decision, saying she had 'made clear that Senate Republicans cannot use their partisan budget to shift major nutrition assistance costs to the states that would have inevitably led to major cuts.' Several fiscal hawks in the House and Senate have complained that the legislation does not do enough to cut federal spending. With the parliamentarian's ruling, Republicans will have to find another way to slash a huge sum of money that their members also feel comfortable voting for. The ruling was just one piece of a broader review the parliamentarian is conducting of the Republican-written legislation. She was expected to work through the weekend evaluating the measure and instructing Republicans to strip out any provision she deems out of order. Should they fail to do so, Democrats could challenge the bill on the floor, forcing Republicans to muster 60 votes to advance it, which would effectively kill it since Democrats are solidly opposed. The parliamentarian also will determine whether Republicans can keep a provision that would block states from regulating artificial intelligence for a decade, and whether they can use a budget trick that would make extending the 2017 tax cuts appear to be free. This article originally appeared in The New York Times. Copyright 2025
Associated Press
32 minutes ago
- Associated Press
China's Original Women's Fashion Power Wave! BIRD Fashion Fair 2025 Grandly Opens
06/21/2025, Beijing, CHINA // KISS PR Brand Story PressWire // On June 11th, the long-awaited momentum of China's original women's fashion ignited at the Shenzhen Convention & Exhibition Center (Futian) — BIRD Fashion Fair 2025 officially kicked off! This edition of the exhibition is hosted by the China National Garment Association (CNGA), co-hosted by Yifa Commercial Group, Shenzhen Jinhui Nanyou Fashion Original Center, Yinji Plaza and Guangzhou Baima Garment Market, this industry spectacle united China's premium womenswear brands renowned for market vitality, design innovation, and creative marketing. Together, they showcased the dynamic ascent and boundless energy of China's womenswear sector. Vitality Shines Through Exhibitors' Radiant Smiles At the opening ceremony, Chen Dapeng，Vice President of China National Textile And Apparel Council (CNTAC)，President of China National Garment Association (CNGA)，emphasized in his address: 'This exhibition embodies the unwavering confidence of participating enterprises amid industry transformation, reflects the sincere expectations of merchants and buyers across continents, and represents the collaborative spirit of all co-organizers. Together, we shall forge a more resilient, vibrant, and appealing future for the textile and garment industry in this new era of development!' Following his remarks, Jiao Pei，Vice President of China National Garment Association (CNGA), joined representatives from co-organizing partners to officially launch the inaugural BIRD 2025 exhibition. Within the 34,000-square-meter exhibition space, over 500 exceptional womenswear brands from across China attracted swarms of visitors. The moment visitors entered the venue, they were enveloped by the pulsating energy of Chinese original design. These brands captivated global buyers with exquisite craftsmanship, acute trend sensitivity, and an innovative spirit that harmoniously blends Eastern aesthetics with sustainable fashion concepts. Overseas buyers and media exclaimed: 'The responsiveness of China's womenswear supply chain and the acuity of original design leave a profound impression!' Vitality Thrives in Dynamic Business Negotiations Rooted in the Greater Bay Area yet with a global vision, BIRD 2025 precisely constructed a high-efficiency business network, serving as a robust bridge for China's 'dual circulation' development paradigm. The exhibition welcomed nearly 1,000 overseas professional buyers from Italy, Britain, Germany, Russia, Japan, South Korea, Vietnam, and emerging markets worldwide. They navigated through booths, conducted in-depth product selections, and generated abundant cooperation intentions, injecting strong momentum into the internationalization journey of Chinese womenswear brands. Efficient overseas buyer matching sessions (dedicated to Russia, Japan-Korea, Europe, Middle East, and other regions) buzzed with intense activity, fostering fruitful connections. Meanwhile, five heavyweight forums focusing on 'overseas markets' debuted on the first day, gathering global experts and industry leaders to share cutting-edge insights and practical strategies, guiding Chinese brands toward global blue ocean markets. Vitality Ignites in Dazzling Event Lineup BIRD 2025 transcended a mere trade fair—it became a vibrant hub igniting industry wisdom and foreseeing future trends! Over three days, more than 50 high-profile events unfolded continuously. Business matching sessions remained bustling throughout the exhibition period, while the BIRD Fashion Runway Shows captivated audiences with stellar presentations. The grand finale of the 14th DaLang Cup China Women's Fashion Design Competition Final pushed original design passion to new heights. The 'BIRD Fashion Experience Officer' interactive tours injected fresh fashionable energy and buzz into the event. At BIRD 2025, it witnessed the effervescent vitality of China's womenswear industry, its extraordinary creativity in shaping global trends, and the vast future landscape unfolding before all. Today, China's womenswear ecosystem resembles a flock of starlings taking flight—with BIRD 2025 as their launchpad, they are ascending toward greater horizons, broader skies, and a more powerful tomorrow! Company: Beijing Fashion-Expo Co., Ltd. Contact Person: YANG MENGYAO Email: [email protected] Website: Telephone: +86-10-6506 8181 City: Beijing, CHINA
