Press releases about business, cryptocurrency, fintech and more news in Hong Kong and Asia

S’pore core inflation near 14-year high of 5.1% in August on more costly food, services

SINGAPORE – Consumer prices in Singapore continued to climb in August and core inflation hit a near 14-year high, on the back of more costly services and food. Core inflation, which excludes costs of private transport and accommodation and reflects the expenses of Singaporean households more accurately, hit 5.1 per cent year on year, up […]

S’pore exports grow 11.4% in August; electronics shrink for first time since Nov 2020

SINGAPORE – Singapore’s key exports rose as a whole in August but electronics shipments contracted for the first time in nearly two years, data from Enterprise Singapore showed on Friday. Non-oil domestic exports (Nodx) grew 11.4 per cent year on year in August, faster than the previous month’s 7 per cent expansion, on the back […]

Crypto traders flee Indian exchanges for Binance to escape taxes

MUMBAI – Binance Holdings’ billionaire chief executive Zhao Changpeng is tightening his grip on India’s market for cryptocurrency trading in the fallout from a major tax change. Downloads of Binance’s app in India jumped to 429,000 in August, the highest this year and almost triple that of runner-up CoinDCX, data from market intelligence firm Sensor […]

Condo resale volume falls for 4th straight month in August, prices continue to rise

SINGAPORE – Condominium resale volume fell for the fourth consecutive month in August, as sales activity typically slows down in the seventh month of the lunar calendar during the Hungry Ghost Festival. However, condo resale prices continue to hold strong, edging up 1.2 per cent for the 25th straight month in August, according to flash […]

China’s inflation slowdown fuels calls for more policy stimulus

BEIJING – China’s consumer and producer inflation slowed in August as sporadic Covid-19 lockdowns suppressed spending and commodity prices fell, giving policymakers enough room to support the troubled economy if needed. The consumer price index (CPI) rose 2.5 per cent from a year earlier, the National Bureau of Statistics said on Friday, down from the 2.7 […]

Asia factory activity slumps on China’s Covid-19 curbs, US slowdown

TOKYO – Asia’s factory activity slumped in August as China’s zero-Covid curbs and cost pressures continued to hurt businesses, surveys showed on Thursday, darkening the outlook for the region’s fragile economic recovery. Manufacturing activity was weak in countries ranging from Japan, China, South Korea to Taiwan in a sign sluggish demand was adding to headaches […]

China factory activity contracts for second month as risks grow

BEIJING (REUTERS) – China’s factory activity extended declines in August as new Covid-19 infections, the worst heatwaves in decades and an embattled property sector weighed on production, a survey showed on Wednesday (Aug 31). The official manufacturing purchasing managers’ Index (PMI) rose to 49.4 in August from 49.0 in July, the National Bureau of Statistics (NBS) […]

UCLOUDLINK GROUP INC. to Report Second Quarter 2022 Financial Results on August 24, 2022

Earnings Call Scheduled for 8:30 a.m. Eastern Time on Wednesday, August 24, 2022 HONG KONG, Aug. 17, 2022 (GLOBE NEWSWIRE via SEAPRWire.com) — UCLOUDLINK GROUP INC. (“UCLOUDLINK” or the “Company”) (NASDAQ: UCL), the world’s first and leading mobile data traffic sharing marketplace, today announced that it will report its unaudited financial results for the second […]

Himax Technologies, Inc. to Attend Jefferies 2022 Semiconductors, IT Hardware & Communications Infrastructure Summit on August 30 – August 31, 2022

TAINAN, Taiwan, Aug. 17, 2022 (GLOBE NEWSWIRE via SEAPRWire.com) — Himax Technologies, Inc. (Nasdaq: HIMX) (“Himax” or “Company”), a leading supplier and fabless manufacturer of display drivers and other semiconductor products, today announced that the Company will attend Jefferies 2022 Semiconductors, IT Hardware & Communications Infrastructure Summit on August 30 – August 31, 2022 at the […]

KANZHUN LIMITED to Report Second Quarter 2022 Results on August 23, 2022

BEIJING, Aug. 15, 2022 (GLOBE NEWSWIRE via SEAPRWire.com) — KANZHUN LIMITED (“BOSS Zhipin” or the “Company”) (Nasdaq: BZ), a leading online recruitment platform in China, today announced that it will report its unaudited consolidated results for the second quarter ended June 30, 2022, before the U.S. market open on Tuesday, August 23, 2022. The Company […]

JOYY to Announce Second Quarter Financial Results on August 29, 2022

SINGAPORE, Aug. 15, 2022 (GLOBE NEWSWIRE via SEAPRWire.com) — JOYY Inc. (NASDAQ: YY) (“JOYY” or the “Company,” formerly known as YY Inc.), a global video-based social media company, today announced that it plans to release its second quarter 2022 financial results after the U.S. market closes on August 29, 2022. The Company’s management will host […]

Pioneering Multi-chain Game Monsterra Ready for IDO & Mainnet Launch this August

New York, NY, August 12, 2022 – (SEAPRWire) – The Play-to-Earn Game model powered by NFTs will continue to rise and open a new era in the blockchain industry. Earlier this April, Monsterra, an attractive and potential gamefi project, has successfully raised $2M Early IDO led by Hashed, Shima Capital, Huobi Ventures, Icetea Labs, Salad Ventures to get […]

Jiayin Group Inc. to Release Second Quarter 2022 Unaudited Results on Thursday, August 18, 2022

SHANGHAI, China, Aug. 11, 2022 (GLOBE NEWSWIRE via SEAPRWire.com) — Jiayin Group Inc. (“Jiayin” or the “Company”) (NASDAQ: JFIN), a leading fintech platform in China, today announced that it will release its financial results for the second quarter 2022 before the U.S market opens on Thursday, August 18, 2022. The Company will conduct a conference […]

LIZHI INC. to Report Second Quarter 2022 Financial Results on Thursday, August 18, 2022

– Earnings Call Scheduled for 9:00 p.m. ET on August 18, 2022 – GUANGZHOU, China, Aug. 10, 2022 (GLOBE NEWSWIRE via SEAPRWire.com) — LIZHI INC. (“LIZHI” or the “Company”) (NASDAQ: LIZI), an audio-based social and entertainment platform, today announced that it will report its second quarter 2022 unaudited financial results on Thursday, August 18, 2022, […]

JD.com to Report Second Quarter and Interim 2022 Financial Results on August 23, 2022

BEIJING, Aug. 10, 2022 (GLOBE NEWSWIRE via SEAPRWire.com) — JD.com, Inc. (NASDAQ: JD and HKEX: 9618), a leading supply chain-based technology and service provider, today announced that it plans to release its unaudited financial results for the three months and six months ended June 30, 2022 on Tuesday, August 23, 2022, before the U.S. market […]

So-Young to Report Second Quarter 2022 Financial Results on August 16, 2022

BEIJING, Aug. 09, 2022 (GLOBE NEWSWIRE via SEAPRWire.com) — So-Young International Inc. (NASDAQ: SY) (“So-Young” or the “Company”), the largest and most vibrant social community in China for consumers, professionals and service providers in the medical aesthetics industry, today announced that it will report its financial results for the second quarter ended June 30, 2022, […]