Tencent wants to be foreign automakers’ go-to company for EVs in China

BMW’s iX electric SUV in China was the first global car brand to include the automobile version of Tencent’s WeChat messaging app, according to the Chinese tech company. Tencent BEIJING – Chinese internet giant Tencent wants to sell technology which the company says will help foreign automakers that want to sell cars in China’s massive … Read more

TikTok owner ByteDance sees $ 1 billion in player spend on its games

ByteDance has been investing in its mobile gaming business through key acquisitions and is finding success outside of China. Omar Marques | Sopa Images | Lightrocket | Getty Images Chinese internet giant ByteDance’s nascent foray into gaming is showing signs of promise with spending across its mobile titles growing over the past year as it … Read more

China livestreamers need qualifications for certain topics: Regulators

Chinese regulators have been looking to clean up the country’s popular livestreaming industry. This includes rules around what online influencers can and can not say and the topics that are off limits. Costfoto | Future Publishing | Getty Images Online influencers in China must now have a qualification to talk about certain topics such as … Read more

Morningstar analyst names her top Greater China stock picks

China’s latest outbreak of Covid-19 appears to be subsiding, and analyst Lorraine Tan believes the economy could get a boost if China eases off on its lockdowns. Despite the ongoing uncertainty, Tan, director of equity research in Asia at Morningstar, believes value remains in Greater China’s equity space, which has been beaten down in this … Read more

Australia RBA meeting minutes, oil and currencies

SINGAPORE – Asia-Pacific markets were mostly buoyant on Tuesday while bitcoin continued to rise after a recent rebound. Meanwhile, Australia’s central bank says inflation will peak by the end of the year. Japanese stocks led gains, with the Nikkei 225 trading 2.1% higher while the Topix also rose by around 2%. Taiwan’s Taiex index also … Read more

Asia-Pacific markets mixed as investor sentiment remains fragile

SINGAPORE – Asia-Pacific markets were mixed in Thursday trading with multiple regional markets shedding earlier gains as buoyant sentiment from overnight moves on Wall Street following a Federal Reserve rate hike that equated to its most aggressive such move since 1994 faded. Japan’s Nikkei 225 rose 0.4% on the day to 26,431.20 while the Topix … Read more

Asia stocks continue sliding after Monday losses; Alibaba drops more than 5%

Risk assets have plummeted with recession risk rising given the surge in yields and expectations of the Fed doing a Volcker. Tapas Strickland Director of Economics, National Australia Bank Mainland Chinese stocks also declined as the Shanghai Composite fell 0.87% and the Shenzhen Component fell 1.41%. South Korea’s Kospi dipped 1.59%. Australia’s S & P … Read more

JPMorgan says Chinese assets are a good diversifier right now

Sign for JP Morgan on 7th March 2020 in London, United Kingdom. JPMorgan Chase & Co. is an American multinational investment bank and financial services holding company headquartered in New York. Mike Kemp | Getty Images LONDON – As lockdowns ease and regulatory pressures subside, some of the headwinds facing Chinese stocks are set to … Read more

Hong Kong’s Hang Seng leads losses as Asia stocks fall

SINGAPORE – Shares in Asia-Pacific slipped Thursday morning after heavy losses on Wall Street overnight. Hong Kong’s Hang Seng index led losses regionally, falling more than 3% in early trade. Shares of Chinese tech behemoth Tencent plunged 8.1% after reporting that its quarterly profit halved. The Nikkei 225 in Japan fell 2.6% while the Topix … Read more

Shopee, Garena post strong revenue

Singapore, Singapore – 2021: A large Shopee logo at the entrance to the e-commerce platform’s headquarters at Science Park. (Exact photography date unknown due to incorrect camera settings) Kokkai | Istock Unreleased | Getty Images Shares of Southeast Asia’s e-commerce and gaming firm Sea Group popped up after its first-quarter revenue beat analysts’ expectations on … Read more