Vanke is bracing for losses of between CNY7 billion (USD981.1 million) and CNY9 billion in the first six months due to the shrinking scale of real estate development, a narrowing gross margin as well ... ( read original story ...)
India has less than 1 in 5 OTT users paying for their subscription, reveals Ormax report
The stagnation in SVOD audience size is also reflective of the trend whereby free content is driving OTT growth in small towns and rural India,” Keerat Grewal, head of business development (streaming TV and brands), Ormax media said. As per the report ...
PwC braces for 6-month ban in China over Evergrande audit, FT reports
(Reuters) -PwC China has informed its clients it expects a six-month business ban by Chinese authorities as early as September as part of punishment for its audit of collapsed property developer Evergrande,
PwC braces for 6-month ban in China over Evergrande audit, FT reports
(Reuters) -PwC China has informed its clients it expects a six-month business ban by Chinese authorities as early as September as part of punishment for its audit of collapsed property developer Evergrande,
China opens investigation into EU dairy exports as trade tensions flare
The Commerce Ministry previously opened investigations into European brandy and pork exports at various stages of the EU investigation into Chinese subsidies for electric vehicles. The tit-for-tat investigations have raised fears that a full-blown trade war could be gradually emerging.
Feds accuse pro-democracy activist who once protested in Tiananmen Square of secretly working for China’s intelligence agency decades later
Yuanjun Tang once protested against the Chinese Communist Party during the 1989 Tiananmen Square demonstrations, court documents said.
China Responds to Top-Secret US Nuclear War Strategy
China has never disclosed the size of its nuclear forces. The Stockholm International Peace Research Institute (SIPRI) says that the country's nuclear arsenal is the world's third largest with 500 ...
Aye Finance Bags Rs 212 Crore Deal with Goldman Sachs to Boost Micro Lending
Aye Finance, a fintech non-banking financial company specialising in loans for micro enterprises, announced on Wednesday that it has finalised a Rs 212 crore securitisation deal with Goldman Sachs ...
Aye Finance claims Rs 5000 crore AUM
The company claimed to have reached Rs 5000 crore in Assets Under Management (AUM) and 1 million loans disbursed. The company also announced the completion of Rs 212 crore [approximately $25.3 million ...
China central bank warnings on long-dated bonds aim to curb systemic risks, watchdog says
Warnings by China's central bank about excess exposure to long-dated sovereign bonds are aimed at curbing potential systemic risks if yields continue to fall, a senior official at a financial market association said.