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14 05, 2021

China antitrust: Tencent’s outsized share of online music-streaming market could put its holdings at risk

By | 2021-05-14T16:00:15+00:00 May 14th, 2021|Business|Comments Off on China antitrust: Tencent’s outsized share of online music-streaming market could put its holdings at risk

In the first of a four-part series on China’s antitrust investigations into the nation’s internet and technology sectors, Xinmei Shen and Coco Feng look at the music-streaming services provided by online platforms. Parts two through four on video games...

14 05, 2021

China’s consumers will power its coronavirus recovery, as their blockbuster May Day spending shows

By | 2021-05-14T14:00:06+00:00 May 14th, 2021|Business|Comments Off on China’s consumers will power its coronavirus recovery, as their blockbuster May Day spending shows

The May Day holiday marked the first long national holiday since China almost fully relaxed its Covid-19 lockdown measures. The consumption data for those five days paints a telling picture of the recovery of domestic demand.In order to stimulate consu...

13 05, 2021

US businesses are a ‘quintessential’ part of China’s development, senior economic official tells American executives

By | 2021-05-13T12:19:20+00:00 May 13th, 2021|Business|Comments Off on US businesses are a ‘quintessential’ part of China’s development, senior economic official tells American executives

An official with China’s top economic planning agency has told American company executives that they are “a quintessential part” of the country’s development, amid escalating tensions between the world’s two largest economies. Gao Jian, a deputy direc...

13 05, 2021

Alibaba swings to fourth-quarter loss after swallowing US$2.8 billion antitrust fine but sales jump

By | 2021-05-13T11:31:30+00:00 May 13th, 2021|Business|Comments Off on Alibaba swings to fourth-quarter loss after swallowing US$2.8 billion antitrust fine but sales jump

Alibaba Group Holding Limited swung to a loss in its final quarter after swallowing a record fine by China’s antitrust regulators, but reported sales that surpassed forecasts as retail consumption in its home market grew with China’s recovery from the ...

12 05, 2021

Shenzhen’s housing market downcycle ‘has begun’ after cooling measures as banks tighten mortgage lending

By | 2021-05-12T00:30:09+00:00 May 12th, 2021|Business|Comments Off on Shenzhen’s housing market downcycle ‘has begun’ after cooling measures as banks tighten mortgage lending

Shenzhen is showing some early signs of success in containing runaway house prices in the technology hub after 13 rounds of market-cooling measures since last July, repairing its reputation as a model city envisioned by President Xi Jinping.The city re...

11 05, 2021

Hongkongers snap up celebrity-owned homes in London as star power adds value to property

By | 2021-05-11T23:30:06+00:00 May 11th, 2021|Business|Comments Off on Hongkongers snap up celebrity-owned homes in London as star power adds value to property

Hongkongers are among the keenest buyers of homes that have been owned or rented by Hollywood actors, pop stars and tycoons, seeing them as a sound investment whose resale value is likely to be boosted by their celebrity associations, according to a Lo...