[ad_1] Logos of online social media and social networking sites displayed on a smartphone screen on August 01, 2023 in Bath, England. Matt Cardy | Getty Images News | Getty…
Tag: Asia Economy
China’s Meituan lost $82 billion in market cap amid rising competition, slowdown in food delivery business
[ad_1] A food delivery courier for Meituan in Beijing, China, on Tuesday, Aug. 22, 2023. A surge in sales expected for Meituan may be a catalyst to its shares, which…
Samsung warns fourth-quarter profit could plunge 35%, misses expectations
[ad_1] Samsung is the world’s biggest maker of memory chips. Jakub Porzycki | Nurphoto | Getty Images Samsung Electronics on Tuesday said it expects to post a 35% drop in…
Valuation-wise, China is trading at a 24% discount to emerging markets, HSBC says
[ad_1] HSBC discusses China valuations, emerging markets, India CNBC [ad_2] Source link
Alibaba’s Lazada cuts staff across Southeast Asia in fresh round of layoffs
[ad_1] Lazada is the third-largest e-commerce player in Indonesia, after Sea Limited’s Shopee and Tokopedia, according to Momentum Works. Matt Hunt | Lightrocket | Getty Images SINGAPORE — Alibaba-owned Lazada…
Coffee chains are crowding Singapore in hopes of jump-starting their global expansions
[ad_1] Group of friends at a restaurant Santiago Nunez | Klaud9 | Getty Images Singapore was Luckin’s first major push outside of China, opening 30 outlets since March, according to…
Tencent loses over $43 billion in market value after China proposes new online gaming rules
[ad_1] Tencent lost about $43.5 billion in market value on Friday after China surprised financial markets with a fresh set of rules aimed at curbing excessive gaming and spending. The…
Southeast Asia’s funding winter could end next year — but tech firms need viable paths to profitability
[ad_1] A Google, Temasek and Bain & Company report revealed that “dry powder” increased to $15.7 billion at the end of 2022, up from $12.4 billion in 2021. Mikroman6 |…
TSMC Chairman Mark Liu to retire in 2024, CEO recommended as successor
[ad_1] The company logo for Taiwan Semiconductor Manufacturing Company is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., September…