Reuters Asia Business

(Reuters) – China’s Tencent Music Entertainment Group beat market estimates for quarterly revenue on Monday as the Spotify-like music streaming platform benefited from a jump in paying users. Stay-at-home orders imposed to stem a recent surge in Chinese COVID-19 cases have shut the door on social events, prompting consumers to turn to the company’s karaoke …

China’s Tencent Music beats revenue estimates as paying users rise Read More »

By Scott Murdoch, Kane Wu and Xie Yu HONG KONG (Reuters) -The move to delist five Chinese state-owned enterprises (SOEs) from the New York Stock Exchange (NYSE) signals Beijing may be willing to compromise in order to strike an audit deal with the United States and end a more than decade-old dispute, analysts and advisers …

NYSE delistings signal Beijing may be willing to compromise on U.S. audit dispute -analysts Read More »

SHANGHAI (Reuters) -Overseas investors increased their holdings of Chinese government bonds last month for first time since January, official data showed, although their total holdings of Chinese debt declined for the sixth consecutive month. Foreign holdings of yuan bonds traded on China’s interbank market stood at 3.51 trillion yuan ($520 billion) at the end of …

Foreigners lift Chinese government bond holdings for first time since Jan Read More »

By Leika Kihara and Tetsushi Kajimoto TOKYO (Reuters) -Japan’s economy rebounded at a slower-than-expected pace in the second quarter from a COVID-induced slump, data showed on Monday, highlighting uncertainty on whether consumption will grow enough to bolster a much-delayed, fragile recovery. A revival in Japan, like many other economies, has been hobbled by the Ukraine …

Japan’s economy stages modest bounce from COVID jolt, global outlook darkens Read More »

SHANGHAI (Reuters) – China’s top internet watchdog said on Friday tech giants such as Tencent Holdings and Alibaba Group have submitted details of algorithms used in some of their products, complying with a drive by authorities to tighten oversight of platform algorithms. The rules are part of a broad regulatory crackdown by Beijing against its …

China regulator says Alibaba, Tencent have submitted app algorithm details Read More »

BEIJING/SHANGHAI (Reuters) -China’s central bank cut key lending rates in a surprise move on Monday to revive demand as data showed the economy unexpectedly slowing in July, with factory and retail activity squeezed by Beijing’s zero-COVID policy and a property crisis. The grim set of figures indicate the world’s second largest economy is struggling to …

China unexpectedly cuts key rates as economic data disappoints Read More »