Tencent has confronted quite a lot of headwinds in 2022 together with a Covid-induced slowdown within the Chinese language economic system and a harder marketplace for gaming. Bobby Yip | Reuters Tencent on Wednesday reported a surge in revenue for the second quarter, however missed expectations, as its cost-cutting measures started to repay and gross … Read more
HONG KONG, CHINA – JUNE 05: A pedestrian walks by an digital display displaying the numbers for the Cling Seng Index on June 5, 2023 in Hong Kong, China. (Photograph by Chen Yongnuo/China Information Service/VCG by way of Getty Photographs) China Information Service | China Information Service | Getty Photographs Buyers will now be capable … Read more
China’s pandemic-battered economic system is beginning to see shoppers open their wallets wider, based on KraneShares’ Brendan Ahern. “We’re seeing the incremental rebound from the Chinese language client,” the agency’s chief funding officer instructed “ETF Edge” this week. “[But] it isn’t like turning on a lightweight swap.” The Nationwide Bureau of Statistics of China studies … Read more