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Further Indian ban on Chinese games like PUBG Mobile unlikely to hurt companies much, experts say
Tencent’s PUBG Mobile, the top-grossing mobile game in India, escaped a recent ban of 59 Chinese apps in China. But even a further ban looming on the horizon is unlikely to be a major threat to most Chinese gaming companies, experts say.
Chinese AR startup Rokid eyes industrial applications after success with temperature-reading smart glasses
Shipments of Rokid Glass 1 soared between April and June, giving the company one of its biggest commercial successes since its foundation in 2014. In China, the AR and VR market is forecast to grow 66% year on year to US$4.09bil in 2020, according to IDC.
Urged on by central bank, China weighs antitrust probe into Alipay, WeChat Pay, sources say
China’s top antitrust agency is looking at whether to launch a probe into Alipay and WeChat Pay, prompted by the central bank which argues the digital payment giants have used their dominant positions to quash competition, sources with knowledge of the matter said.
U.S.-listed Chinese firms trade mostly higher
NEW YORK, July 31 (Xinhua) -- U.S.-listed Chinese companies traded mostly higher on Friday, with eight of the top 10 stocks by weight in the S&P U.S. Listed China 50 index ending the day on an upbeat note.
Goldman, Bank of America left off Ant IPO
NEW YORK: Goldman Sachs Group Inc and Bank of America Corp were left off Ant Group’s upcoming stock sale in Hong Kong because of their past work with rivals of its affiliate Alibaba, according to people familiar with the matter.
U.S.-listed Chinese firms trade higher
NEW YORK, Aug. 3 (Xinhua) -- U.S.-listed Chinese companies traded roughly higher on Monday, with all the top 10 stocks by weight in the S&P U.S. Listed China 50 index ending the day on an upbeat note.
China is home to four of the world’s five largest unicorns, led by Alibaba’s Ant Group
Ant Group, the digital financial services arm of Alibaba, had a US$150bil valuation to top the rankings of this year’s Hurun Global Unicorn Index. The total value of all known unicorns in the world is US$1.9tril, equivalent to the GDP of Italy.
Robinhood craze is now moving stocks everywhere
DIRT cheap, automated on apps and championed by newbie traders who brandish their broker balances on Twitter, the stuck-at-home trading phenomenon, born in the USA, has become a global craze.
U.S.-listed Chinese firms trade lower
NEW YORK, Aug. 7 (Xinhua) -- U.S.-listed Chinese companies traded roughly lower on Friday, with all the top 10 stocks by weight in the S&P U.S. Listed China 50 index ending the day on a downbeat note.
Asia tech shares selloff seen as buy opportunity for some funds
FRIDAY's attack by President Donald Trump on WeChat may have pushed many investors to offload Asia’s technology shares. But for some, the selloff has presented a good buying opportunity. Jian Shi Cortes
