China’s fledgling metaverse sector is on track to grow into a market exceeding $50 billion by the middle of the decade, with signs of an overheating industry drawing the attention of regulators.
Tagged By business
China’s economic activity grew faster than expected in January-February
China’s economic activity rebounded strongly in the first two months of the year, growing at a faster-than-expected pace, despite a high base of comparison a year earlier.
China’s Jan-Feb coal output jumps 10.3% for winter heating
China’s coal output rose 10.3% in the first two months of 2022 from a year earlier, after Beijing encouraged miners to ramp up production for the winter heating season, with demand also receiving a …
Australia, NZ dlrs under water as China rains on commodity parade
The Australian and New Zealand dollars gave up two week’s of gains on Tuesday, skittled by fears that coronavirus disruptions in China could hurt demand for commodities, just as Beijing is seeking to …
China’s Jan-Feb daily crude throughput falls to 1-year low
China’s daily oil processing rate dropped 1.1% in the first two months of 2022 from a year ago, to the lowest since December 2020, as independent refiners scaled back operations after Beijing slashed …
USDA GAIN Report: China pig production to exceed 2021 levels, prices remain low in 2022
Domestic swine, breeding sows, and pork production are expected to exceed 2021 levels as producers increasingly compete for market share and morbidity associated with African Swine Fever (ASF) …
SoftBank’s Arm to lay off up to 15 per cent as it prepares IPO after Nvidia deal collapse
Arm CEO Rene Haas said in an internal memo that the semiconductor designer will cut 12 to 15 per cent of staff in the UK and US as it prepares for an IPO.
U.S. warns China against helping Russia as sanctions mount
The United States warned China against providing military or financial help to Moscow after its invasion of Ukraine, as sanctions on Russian political and business leaders mounted and civilians sought …
Yum China Provides Update on the First Quarter 2022 Business Performance Amid the Latest COVID-19 Development in China
Yum China Holdings, Inc. (the “Company” or “Yum China”) (NYSE: YUMC and HKEX: 9987) today updated its first quarter 2022 business performance in light of the recent COVID-19 development in China. As …
China retail data surprise, big miners drop
China retail data beats expectations, big miners fall on ASX as Rio Tinto plans to increase control of the Oyu Tolgoi copper mine in Mongolia.
A Legal Settlement Shows the Risks of Doing Business in China
U.S. companies Tang and Soaring Wind are owed more than $85 million. They’ll collect less than 30% of that.
UPDATE 1-China’s Jan-Feb property investment perk up slightly on easing measures
China’s property investment bounced slightly over the first two months of 2022 after a fall in December, official data showed on Tuesday, helped by the easing of property curbs to relieve a liquidity …
CTS Global has P1.37B IPO approved by the SEC
CTS plans to plow the IPO proceeds into global markets to achieve its goal of sourcing at least 75% of its trading revenue from global markets by 2025.
ADVERTISEMENT
