Prudential’s interim results fell short of market estimates after a valuation loss in the British insurer’s investment portfolio led to an unexpected drop in profit. Net income fell 87 percent year-on-year to $120 million in the first six months of 2024, after excluding a short-term investment loss of $1.08 billion, in stark contrast to the […]
Chinese artificial intelligence giant SenseTime has seen a jump in revenue of over 20 percent this year due to strong growth in its generative AI (GenAI) business, as the ten-year-old pioneer in the domestic industry strives to generate profits. SenseTime’s revenue rose 21.4 percent year-on-year to 1.74 billion yuan ($244.3 million) in the first half […]
d3sign/Getty Images The explosive popularity of bubble tea in recent years has led to enormous wealth. At least six Chinese bubble tea business owners made fortunes of over a billion dollars. A chain of bubble tea shops is about to go public in Hong Kong with a valuation of nearly $4 billion. The explosion in […]
Rapper Machine Gun Kelly – or MGK; real name Colson Baker – recently celebrated one year of sobriety and spoke about this milestone in an episode of Game worth millions of dollars Podcast. While discussing the last year, he told the podcast that his journey to sobriety began with a conversation with his daughter Casie […]
Jifeng, or “monsoon,” is derived from the store’s slogan: “There’s a crack in everything, and that’s how the monsoon blows in.” JF Books is expected to offer many titles that are not available in Chinese bookstores due to strict censorship. Photo: WeChat/ 季风微读圈 Yu’s post was widely shared online among intellectuals, media professionals and book […]
The reporter spotted the owl around 7 p.m. on both days, with the bird darting down from the northern woods to the shore and remaining in the area for about three hours each time. While it spent most of its time searching the water for food, the bird would occasionally cast a piercing glance at […]
Overshoot Day is one of a growing number of indicators that remind us of the growing challenge global warmingEnvironmental pollution, resource scarcity, the often unnoticed extinction of animal and plant species and the unsustainability of our stuff-obsessed lifestyle. Population growth and our success in lifting communities out of poverty only reinforce our assumption of infinite […]
AIA Group, Asia’s largest insurer, reported its best half-year profit in five years as mainland Chinese customers continued to buy policies in Hong Kong with the prospect of better investment returns and as a hedge against a weakening yuan. Net profit rose 53 percent to $3.31 billion, or 29.53 cents per share, in the six […]
AIA Group, Asia’s largest insurer, reported its best half-year profit in five years as mainland Chinese customers continued to buy policies in Hong Kong with the prospect of better investment returns and as a hedge against a weakening yuan. Net profit rose 53 percent to $3.31 billion, or 29.53 cents per share, in the six […]
Developer from Hong Kong Henderson LandProfit almost halved in the first half of the year as weak performance in the office real estate segment continued to weigh on office rents amid high interest rates, geopolitical tensions and a changing retail landscape, the company’s chief executives said. Profit fell 47 percent year-on-year to HK$3.17 billion (US$407 […]
