Hong Kong Internet Shout out Gong Hee Fat Choi, week in review

China last night Crane a week in review China released 2022 economic data this week. GDP grew +3.0% while retail sales fell -0.2%, less than expected. Chewy founder Ryan Cohen announces a stake in Alibaba and is calling for more share buybacks based on the company’s low valuation. Global economic leaders gather at the World … Read more

China’s video game makers are coming in cold as crackdowns ease

HONG KONG (Reuters) – China’s end to a massive crackdown on the video game market is expected to revive the battered industry this year, but remaining restrictions on some content and economic headwinds will limit the extent of the recovery. Severe restrictions imposed by Beijing in 2021 have laid waste to the once thriving industry, … Read more

The yen sways as the Bank of Japan challenges the market, and stocks rejoice in falling inflation

Interest rate expectations fell after inflation slowed in the US Asian stocks hit a 7-month high Japanese Treasury yields shatter the Bank of Japan’s ceiling as bets grow on a policy shift SINGAPORE/TOKYO (Reuters) – Asian stocks rose on Friday as investors rejoiced at slowing U.S. inflation, while the yen hit a seven-month high and … Read more

Travelers are rushing to take advantage of China’s reopening

BEIJING (AP) — Two years after separating from his wife in mainland China, Hong Kong resident Cheung Sing-pun made sure he was among the first in line after border crossing points reopened Sunday. The ability of residents of the semi-autonomous southern Chinese city to cross is one of the most visible signs of China’s easing … Read more