Shares of Huya Inc., currently China’s largest livestreaming-game platform, soared on their New York debut on Friday, hinting at U.S. investors’ interest in the booming Chinese industry. The IPO was highly anticipated as the first Chinese livestreaming-game platform to go public in the U.S.. Huya finished $16.06 on the NYSE, having reached heights of $17.07 […]
Category: Consumer
Analysts at Bloomberg have forecast China’s economic expansion may have accelerated in April ahead of official economic data release on Tuesday. Factory output for the month is set to accelerate according to the survey, providing a rebuff of anticipations that trade tensions with the U.S. will weigh heavily on China’s manufacturing. Some indices, such as […]
Our prediction has always been that the Chinese economy is solid, until the day when suddenly it’s not. What could shift the status quo? The three most likely factors are property, debt and trade war, and on all three fronts we saw developments this week. First, property. A survey by the FT’s Confidential Research suggested […]
Florida senator and former presidential candidate Marco Rubio has put forward legislation aimed at protecting US technology from Chinese companies and increase duties on imported products, just one day after telecoms company ZTE Corp. announced the cessation of its core business operations. The bill, named the “Fair Trade with China Enforcement Act”, would ban US […]
From Friday Huawei phones will offer BTC.com’s Bitcoin wallet in its app store, allowing China’s largest mobile phone seller to tap into the country’s bristling cryptocurrency market. BTC.com, which controls the world’s largest Bitcoin mining pool, has previously been difficult to access for Chinese consumers given the government ban on Google Play and parts of […]