Tencent Cloud Plans to Open Five More Oversea Data Centers

By Jia Yizhen HONG KONG , Apr.28 , 2017 Tencent Holdings Limited, a leading Chinese Internet company in gaming and social network, said on Wednesday that Tencent Cloud, its cloud computing arm, would open five overseas data centers this year to expand its client base. However, the competition in cloud-computing industry is fierce and overseas … More Tencent Cloud Plans to Open Five More Oversea Data Centers

Tencent Fourth-quarter Net Profit Rose 47 Percent

By Jia Yizhen HONG KONG , Mar. 23, 2017 Tencent Holdings Ltd, China’s leading company of Internet value added services, said Wednesday fourth-quarter net profit increased 47 percent from a year earlier, mainly driven by online games and performance-based advertising. Its cloud service also surged in 2016. Net profit for the three months ended December … More Tencent Fourth-quarter Net Profit Rose 47 Percent

Hong Kong Stocks Fell Modestly, Following China’s Inflation and Crude Oil Rally

By Jia Yizhen HONG KONG , Feb. 14, 2017 Hong Kong’s Hang Seng Index closed down 0.03 percent, falling for the first time after four days of gains, due to the unexpectedly high inflation data from China and the rise of crude oil prices. In January 2017, China’s consumer price index (CPI) went up by 2.5 … More Hong Kong Stocks Fell Modestly, Following China’s Inflation and Crude Oil Rally

What is the Future of E-Commerce in Hong Kong?

By Jia Yizhen Hong Kong – Hong Kong should develop a “hybrid e-commerce platform” in the future, serving not only local but also international online commerce, Gary Ng, the Chairman of Hong Kong Courier Association, said in a telephone interview yesterday. Sales value of online commerce in Hong Kong reached $51.7 billion in 2014, according … More What is the Future of E-Commerce in Hong Kong?

Trends and Predictions for China’s Housing Market in 2016

Authored by Jia Yizhen and Deng Yang China property bubble becomes a hot topic again. After the downturn in real estate market in 2014, the government started to loosen the monetary policy and ease restrictions on the property market. House prices and sales in China is recovering and booming again. Sales Prices of Residential Buildings … More Trends and Predictions for China’s Housing Market in 2016