Tencent loses over $43 billion in market value after China proposes new online gaming rules

Tencent loses over  billion in market value after China proposes new online gaming rules

Tencent lost about $43.5 billion in market value on Friday after China surprised financial markets with a fresh set of rules aimed at curbing excessive gaming and spending. The draft guidelines from China’s National Press and Publication Administration sank the Hong Kong-listed shares of Tencent, NetEase and Bilibili — among the largest online gaming-related counters … Read more

A new luxury hotel with rooms made from buses opens in Singapore

A new luxury hotel with rooms made from buses opens in Singapore

The resort hotel has 20 rooms which will be open for stays from Dec. 1, 2023. Source: The Bus Collective It only costs a dollar to ride a Singapore bus — but 398 Singapore dollars to sleep in one. The Bus Collective is Southeast Asia’s first resort hotel to repurpose decommissioned public buses into luxury … Read more

BOJ sticks to ultra-easy monetary policy amid high uncertainties; yen tumbles

BOJ sticks to ultra-easy monetary policy amid high uncertainties; yen tumbles

Kazuo Ueda, governor of the Bank of Japan (BOJ), gestures as he speaks during a news conference at the central bank’s headquarters in Tokyo, Japan, on Tuesday, Oct. 31, 2023. Kiyoshi Ota | Bloomberg | Getty Images Japan’s central bank left its ultra-loose monetary policy unchanged at its final meeting this year, a move that … Read more