Yen carry trade collapses, now get ready for the Yuan carry trade
The hugely popular yen carry trade crashed this month as the Japanese currency rose. A lesser-known version of the strategy may be more immune to such shocks. Trades in which…
Operator of China’s largest cinema ticket app aims to raise up to $1 billion in Hong Kong IPO
By Julia Fioretti and Julie Zhu HONG KONG (Reuters) – Maoyan Weying, China’s largest movie ticket platform, has filed for an initial public offering in Hong Kong that it hopes…
Chinese sneaker fans’ favorite shopping app, Dewu, cuts 500 jobs as purchasing power continues to weaken
Based in Shanghai electronic commerce App Dewu, a popular option among young Chinese consumers looking for niche brands, will cut its workforce by 5 percent amid weak Chinese consumer spending,…
