Shares of Macau’s casino operators are trading lower in Hong Kong as weak performance in the second quarter. As of 11:57 am local time, shares of Galaxy Entertainment is down 2.3%, SJM Holdings down 2.2%, Sands China down 2.1% and MGM China down 1.5%.
Chinese express delivery companies stage a rally on strong earnings in June. An index tracking mainland-listed express delivery firms, compiled by Wind Information, is surging 4.6% as of 11:05 am, local time, making it one of the best-performing sectors in the A-share market, compared to 0.1% loss for the benchmark Shanghai Composite Index.
CIX Technology, a Chinese start-up that makes computer CPUs based on the ARM architecture, recently raised $50 million in a new round of funding, co-led by NIO Capital and Qiming Venture Partners, reported Chinese tech news outlet LatePost.
Chinese banks further tighten restrictions on their clients’ investment in precious metals amid increased volatility in global and domestic markets.
NetEase Games, the online games division of NetEase, Inc.on Monday said it’s opening a new AAA studio that will focus on creating the next generation of narrative-driven action gains.
China’s Foreign Ministry on Monday urged Australia to seize the opportunity in bilateral relations and take concrete action to improve trade ties, in response to the Australian treasurer’s call for easing coal trade relations with China.
The authorities of China’s capital of Beijing is giving away a new round of consumption coupons, in a move to boost the recovery of local catering business after recent COVID-19 outbreak.
China’s foldable smartphone market is expected to see remarkable growth in 2022, which will also contribute to the overall growth of the global foldable market in 2022, according to a report by Counterpoint Research.
