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[ad_1] U.S. Treasury Secretary Janet Yellen attends a press conference at U.S. Ambassador’s residence in Beijing on April 8, 2024. Pedro Pardo | Afp | Getty Images BEIJING — U.S. Treasury Secretary Janet Yellen said Monday that future discussions between the U.S. and China will focus on Beijing’s need to shift its policy on industry and the…
[ad_1] Mobile games in China range from League of Legends-like Honor of Kings to Source: Apple Inc. BEIJING — China’s proposed gaming rules would hit smaller developers more than large ones, while also reducing overall online advertising revenue, according to UBS. Tencent, NetEase and Bilibili shares plunged to their lowest in more than a year…
[ad_1] Check out the companies making headlines in midday trading. Nike , Foot Locker — Shares of Nike plummeted 10% after the athletic apparel company slashed its revenue outlook and announced it would cut about $2 billion in costs over the next three years. On Thursday, Nike posted fiscal second-quarter revenue of $13.39 billion, short…
[ad_1] CHONGQING, CHINA – NOVEMBER 5, 2023 – High-rise buildings are seen in downtown Chongqing, China, November 5, 2023. (Photo by Costfoto/NurPhoto via Getty Images) Nurphoto | Nurphoto | Getty Images BEIJING — China on Wednesday reported better-than-expected retail sales and industrial data for October, while the real estate drag worsened. Retail sales grew by…
[ad_1] Visitors line up in front of the Huawei flagship store on Nanjing East Road, one of the city’s main commercial and tourist area, in Shanghai, China, on Sept. 30, 2023. Bloomberg | Bloomberg | Getty Images BEIJING — Chinese tech giant Huawei reported revenue figures Friday that showed only a 1% increase in the…
[ad_1] Johnson & Johnson Covid-19 vaccines are seen on a table in Los Angeles, May 7, 2021. Frederic J. Brown | AFP | Getty Images Check out the companies making headlines in midday trading. Netflix — Netflix dropped more than 8% after reporting mixed quarterly results Wednesday. The streaming giant beat on earnings per share for…
[ad_1] US climate envoy John Kerry (L) gestures as he speaks next to China’s special climate envoy Xie Zhenhua (R) during a session at the World Economic Forum annual meeting in Davos on May 24, 2022. Fabrice Coffrini | Afp | Getty Images BEIJING — John Kerry, special presidential envoy for climate, is set to…
[ad_1] US Secretary of State Antony Blinken (L) walks with China’s Foreign Minister Qin Gang (R) ahead of a meeting at the Diaoyutai State Guesthouse in Beijing on June 18, 2023. Leah Millis | Afp | Getty Images U.S. Secretary of State Antony Blinken on Sunday met with Chinese Foreign Minister Qin Gang and top…
[ad_1] People dine out at a restaurant in Beijing on May 26, 2023. Jade Gao | Afp | Getty Images BEIJING — Businesses in China are spending cautiously on advertising this year as local consumption isn’t expected to bounce back for a while yet. Marketing revenue rose in the first three months of 2023 for…
[ad_1] Pfizer CEO Albert Bourla speaks during the China Development Forum in Beijing on March 25, 2023. Lintao Zhang | Getty Images News | Getty Images BEIJING — U.S. pharma giant Pfizer has signed an agreement with China to cooperate on improving the country’s health coverage, according to the company. “We are aligned very much…