Monday, October 26, 2020
Home Mainland China

Mainland China

500.com Loss Widens Further on Europe Woes

China lottery service provider 500.com posted a widened net loss in the first quarter of 2019, reaching 93.2 million yuan (about US$14 million), due mainly to a fall in revenue.

500.com Posts Widened Loss in 2018

China lottery service provider 500.com on Thursday reported a widened net loss for the 2018 year period, totaling 453.9 million renminbi (about US$66 million), compared to a loss of 332.4 million renminbi (about US$48 million) in 2017.
US-China trade war

Fitch: US-China Trade War Likely to Flare Up Again in 2019

While the US-China trade war truce will ease external pressures on China’s economy, there remains a considerable risk for trade tensions to escalate again next year given a wide gap in negotiating positions, says Fitch Ratings.

Japan Becoming Mainland China’s Top Overseas Tourism Destination

During China’s early October Golden Week holiday, Japan overtook Thailand for the first time as mainland Chinese tourists’ top overseas destination.

China Uses Social Credit to Block Travel

China is reportedly preventing millions of its citizens from traveling if they have a low score under its newly introduced social credit system, according to news reports.

Shift in Geopolitics Poses Risk for Macau Operators

Systemic shifts in the long-term relationship between China and the United States are underway, with the two economic superpowers charting an increasingly divergent path, and the change in course may have major implications for Macau’s operators, according to a leading risk consultancy.

China’s Twitter to Restrict Access from Minors

China social media app Weibo has set a minimum age for users as part of efforts from Beijing to curb online app addiction and inappropriate content for minors.

Tencent Introduces Checks Aimed at Limiting Playtime of Minors

Chinese video game giant Tencent is rolling out new checks aimed at restricting underage players from its popular games.

Landing Chairman Reportedly Detained in Cambodia

Landing International Chairman Yang Zhihui has reportedly been detained at an airport in Cambodia, according to reports from Chinese media.

Wealthy Chinese People Aren’t Using WeChat Pay for Luxury Brands

Mainland Chinese tourists have been increasingly utilizing internet giant Tencent Holdings' WeChat Pay mobile payment system in Japan since September 2015, but according to a new survey by the Chinese media outlet Fortune, luxury brands would be better off finding other avenues to reach China’s most affluent consumers.

Trending Articles

Premium Consumer Class to Double by 2025: Bernstein

Bernstein analysts are predicting the number of China’s premium consumer class to increase nearly two fold over the next seven years, reaching 117 million.

Poker Likely to Be Permitted at Japanese Casinos

According to a report in the Mainichi Shinbun, poker is expected to be allowed at Japanese casinos within IRs.

Foreign Tourism on Pace to Smash 30 Million Mark in 2018

Figures released recently by the Japan Tourism Agency found that, once again, the annual number of foreign tourists visiting the country will set a new record in 2018, most likely well above the 30 million mark.

Macau May GGR Rose Lower-Than-Expected 12.1 Percent

Macau’s gross gaming revenue rose 12.1 percent in May, below analysts’ forecasts, with June expected to record a further slowdown as players are distracted by the FIFA World Cup tournament in Russia.

First Wakayama RFI Briefing Attracts 49 Companies

The first of two briefings regarding the RFI process of Wakayama’s expected IR bid revealed strong interest from the business community as a total of 49 companies sent representatives to the event.