The specter of regulatory crackdowns by Beijing has re-emerged with new rules about videogames that have shaken the technology sector. It’s the latest worry for investors in Chinese technology stocks.
Monthly Archives For December 2023
New draft rules targeting in-game spending wipe billions from China’s tech giants
Shares of several Chinese tech giants tanked in Hong Kong, after Beijing unveiled a new set of regulations to restrict online spending in the gaming industry as part of its wider crackdown.
China unveils new gaming curbs, sending tech stocks tumbling
China announced Friday another set of planned curbs on the amount of time and money that people can spend gaming online, triggering a share market sell-off in some of the nation’s biggest tech giants worth…
Tencent loses over $43 billion in market value after China proposes new online gaming rules
China’s National Press and Publication Administration released the new draft guidelines during the mid-morning Friday trade, sinking the Hong Kong-listed shares of the two Chinese companies. Tencent tumbled as much as 15.7% to HK$263.60 before…
From Bricks To Banks: China’s Real Estate Nightmare Sends Shockwaves Through Banking
Since the COVID-19 pandemic, China has been reeling from the worsening real estate crisis, which has spilled over to the nation’s banking sector. The crisis began with Chinese real estate developer …
Moody’s Pans China’s Outlook: Beijing Is Not Happy
Moody’s has awakened to China’s increasingly severe credit problems and downgraded the country’s debt outlook from “stable” to “negative.” It also downgraded the outlook for eight state-owned Chinese …
AI Technology Integrated into China’s Funeral Industry
In a groundbreaking move, China’s funeral and interment industries are embracing artificial intelligence (AI) technology to enhance traditional funeral services. Leading the charge is Fu Shou Yuan International Group,
South Korea’s Early Exports Show Recovery Momentum Picks Up
South Korea’s early trade data indicated that export growth momentum will carry through the end of the year, adding to optimism for the 2024 economic outlook.
Fruit and vegetable exports gross nearly US$5.6 billion this year
VOV.VN – Vietnam’s fruit and vegetable export turnover is anticipated to hit a record high of nearly US$5.6 billion, representing an annual increase of 65.6%, according to data compiled by the General Department of Vietnam…
The Download: 2023’s worst tech failures, and the end of online anonymity in China
Gene editing can be used to delete, insert, or alter portions of our genetic code. We’ve been able to modify DNA for years, but newer technologies like CRISPR mean that we can do it faster,…
Beijing accused of meddling in Taiwan’s election by offering massive flight discounts for voters on the mainland
The news sparked controversy in the island, with think tank Taiwan Economic Democracy Union warning authorities to investigate suspicions of election bribery and political interference.
Nike’s warnings on China should scare other companies that do business there
Nike’s results signaled that weak consumer demand in China may remain a headwind despite Beijing’s effort to stimulate growth.
How China’s Shein pioneered fast-fashion 2.0
STORY: Low prices, super-fast production cycles, and a strong social media presence have all helped shape Shein into a market leader in the fast-fashion industry. In 2022, the China-founded online retailer generated about $23 billion…
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