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RMB was shored up by the remarks made by US President Donald Trump that he does not want to wield tariffs against China. Spot USD/CNY swelled 462 bps to close at 7.2412 today (24th), setting an over-one-month high. As of 4:35 pm, USD/CNY in the night session leaped 482 bps. USD/CNH rallied 451 bps to 7.2402, 10 bps above USD/CNY...
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Alipay, Macau Pass and SANDS CHINA LTD (01928.HK) announced earlier that they entered into a tripartite partnership to adopt "Alipay Tap!" payment services at about 300 shops in the Sands Resorts Macao. Since the large-scale launch of "Alipay Tap!" function in Macao, the total transaction value of merchants w...
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Chinese manufacturing industries flocked to export ahead of the Chinese New Year holiday before U.S. President Donald Trump's tariff hikes on China come into effect, causing congestion at Shenzhen's Yantian port, Reuters reported. Yantian port already increased its daily container handling quota by 15% to 15,000 units fr...
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Due to the unilateral notice of non-renewal of contract from the copyright owner, South Korea's SM Entertainment, it is likely that NETEASE MUSIC (09899.HK) will have to remove all of SM Entertainment's songs on 31 January, which it deeply regrets and is reluctant to do so, NETEASE MUSIC said.SM Entertainment entered int...
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In 2024, global mobile game revenue rebounded by 4% to US$80.9 billion, with App Store and Google Play mobile game revenue in overseas markets rising over 5% to US$66.2 billion, according to data released by Sensor Tower.The top three Chinese mobile game publishers in global revenue remain TENCENT (00700.HK), NTES-S (09999.HK), ...
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