Midday Takeaway: HSI Up 258 pts; HSTI Up 62 pts; LI AUTO Up over 9%; CHINA UNICOM, SANDS CHINA LTD, SHK PPT, MGM CHINA, AKESO Hit New Highs At midday close, HSI rose 258 pts or 1.3% to 20,040. HSTI rose 62 pts or 1.5% to 4,190. HSCEI…
HK Open: HSI Dives 210 Pts; Techs, Financials, CN Developers Slide At open, the HSI slipped 210 pts or 1.1% to 19,570; the HSCEI sank 80 pts or 1.2% to 6,624;…
China gaming crackdown: 2023 to be better than last year for Tencent and NetEase as Beijing eases game licensing restrictions End of year licence approvals has stirred optimism in some quarters that China’s video game industry will stage a comeback…
China nimmt zwei in den USA notierte Online-Broker ins Visier HONGKONG (IT-Times) - Während sich Aktien von Internetkonzernen wie Alibaba, Baidu und Tencent Holdings von ihren Tiefstständen erholen konnten, hat…
Alibaba, Tencent lay-offs burst property bubbles in headquarters cities of Hangzhou, Shenzhen, sending prices plunging A wave of job cuts has sent the home market reeling in neighbourhoods where waves of tech professionals – flush…
China Big Tech in 2023: Tencent expected to bounce back as economy stabilises after downsizing, job-cutting and refocusing After multiple rounds of cost-cutting, many analysts say the worst may be over for the Shenzhen-based giant....…