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Hong Kong CNN —Thick roots tumble across a dilapidated house, the snake-like trunks of a banyan tree framing where the front door once stood. “These villages have existed in Hong Kong for hundreds of years, way before the colonial period,” explained Irvine. In the 1950s and ‘60s, as Hong Kong grew as an industrial hub, many people migrated to the rapidly expanding urban centers for better working opportunities. Stefan Irvine / Courtesy Blue Lotus Gallery, Hong Kong“There were calendars on the wall, school certificates in drawers — it’s quite poignant,” said Irvine. Stefan Irvine / Courtesy Blue Lotus Gallery, Hong KongHeritage valueWhile most of the villages Irvine photographed are abandoned, he was surprised to discover not all were.
Persons: Stefan Irvine, ” Irvine, “ It’s, , , Irvine, Wong Chuk, Lai Chi Wo, they’ll, Tung Ping Chau, Yim Tin Tsai, Luk Keng, Lai, they’ve, Hong, Wo Organizations: Hong Kong CNN, steely, Hong, HK, Irvine, Blue Lotus Locations: Hong Kong, Malaysian, India, Irvine, New Territories, Accounting, Hong Kong’s, London, Tai Peng, Lamma, Lai Chi, Queen's Hill, Fanling, Tung, Shenzhen, China, , Mau, Lai, Hong
The above ink, on the forearm of tattooer John Lapides' first Spotify tattoo customer, leads to the Michael Bublé song "Everything." Pictured is the Spotify code for "Dear to Me," a song by the Los Angeles-based band Electric Guest. Every piece of content on Spotify has a series of sound bars called a Spotify code. To read CNN’s full article on these Spotify tattoos, click the link in our bio.#cnn #news #spotify #spotifytattoo #tattoo #tattoos ♬ original sound - CNNOther times, it’s simply a means of decorating the body, said Drew Hibbard, a tattoo artist and piercer at Blue Lotus Tattoo & The Piercing Lounge in Madison, Wisconsin. Hibbard: Spotify tattoos are a super cute and meaningful idea, but years down the road, who knows if Spotify will even be a thing?
Persons: John Lapides, Michael Bublé, Christina Perri, Lapides, Michael, , ” Lapides, Rick Astley’s, , , it’s, Drew Hibbard, Hibbard, “ I’ve, I’m, aftercare Organizations: Spotify, Los, Street, Wall Street, CNN, cnn, Artists Locations: Los Angeles, Fountain , Colorado, Madison , Wisconsin
SHENZHEN, CHINA - 2020/10/05: Chinese coffee shop chain Luckin Coffee logo seen at a store. Founded in 2017, Luckin Coffee burst onto the Chinese coffee scene to challenge Starbucks through affordable coffee options and mobile ordering. China is Starbucks' second-largest market after the U.S. Luckin Coffee grew to 10,829 stores in China at the end of June, surpassing Starbucks as the largest coffee chain brand in the country following what one analyst calls an "aggressive" expansion. Meanwhile, Starbucks' stores worldwide are company-owned and the American coffee chain does not franchise operations, according to its website. The Chinese coffee chain said that it sold 5.42 million Moutai alcohol-infused lattes on the first day of its launch.
Persons: Alex Tai, Li, Rahul Maheshwari, Luckin, Vivian Leung, Zhang Peng, Price, it's, Jianggan Li, Leung, Kweichow Moutai, Moutai, Shawn Yang, Yang, latte Organizations: Getty, Starbucks, U.S, Luckin, Momentum, Coffee, CNBC, Lightrocket, Brand Finance, Blue Lotus Research Institute Locations: SHENZHEN, CHINA, China, Singapore, Guangzhou, TIANJIN, Asia, Beijing
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTencent is losing market share in gaming, says asset management firmShawn Yang of Blue Lotus Capital Advisors discusses JD.com's and Tencent's earnings and the pressures the companies are facing.
Persons: Shawn Yang Organizations: Blue Lotus Capital
The world's largest video game company and operator of the WeChat messaging platform said revenue reached 149.20 billion yuan ($20.45 billion) for the three months ended June 30. That compared with the 151.73 billion yuan average of 21 analyst estimates compiled by Refinitiv. Domestic gaming revenue stayed mostly flat at 31.8 billion yuan, while international gaming revenue rose 12% to 12.7 billion yuan, excluding the impact of currency movements. It grew 34% to 25 billion yuan as its TikTok-like short video service Video Accounts experienced increased demand. Revenue from fintech and business services grew 15% to 48.6 billion yuan which the company said reflected expansion in both offline and online payment activities.
Persons: David Kirton, HONG KONG, Tencent, Shawn Yang, Josh Ye, Himani Sarkar, Raju Gopalakrishnan Organizations: REUTERS, Tencent Holdings, HK, Refinitiv, Blue Lotus Capital Advisors, Inc, Thomson Locations: Nanshan district, Shenzhen, Guangdong province, China, HONG, fintech
"We calculate that Ant Group would be worth $89 billion~ of which Alibaba's stake is $29.4 billion~ given their 33% ownership in Ant Group. We suggest such valuation presents upside from consensus," said Yang, referring to Bloomberg's valuation of Ant Group at just $22 billion to $57 billion. "In our view, [Bloomberg's] valuation range is too low, as Ant Group is comparable to PayPal. On Saturday, Ant Group announced a share buyback that values the company at $78.53 billion, according to state media CGTN. This is lower than Ant's $315 billion valuation when it tried to list in 2020.
Persons: Qilai Shen, Alibaba, Ronald Wan, CNBC's, Wan, Shawn Yang, Ant, Yang, Kumarasiri Organizations: Bloomberg, Getty, LightStream Research, Partners Financial Holdings, Ant, Blue Lotus Research, Ant Group, PayPal, Group Locations: Hong Kong, China
HONG KONG, CHINA - MAY 22: A poster promoting 'KeeTa' is seen on May 22, 2023 in Hong Kong, China. "I'm not very optimistic about Meituan's expansion in Hong Kong," Shawn Yang, managing director of Blue Lotus Research Institute, told CNBC. The food delivery service — named KeeTa — launched on May 22 in two residential areas: Mong Kok and Tai Kok Tsui. Stiff competitionThe penetration rate of food delivery in Hong Kong is not particularly high. The food delivery market in Hong Kong remains lukewarm, even during the pandemic, with moderate growth rates.
Persons: Chen Yongnnuo, Shawn Yang, KeeTa —, Mong Kok, Tai Kok Tsui, KeeTa, Sham, Meituan, Kai Wang, ChinaIRN, doesn't, it's, Wang, Yang, Blue, Ryan Lai, Lai Organizations: China News Service, Getty, Blue Lotus Research Institute, CNBC, Yau, Morningstar, Morningstar Asia, Blue Lotus Research, Blue Lotus, Foodpanda, Hong, HK Locations: HONG KONG, CHINA, Hong Kong, China, Mong, Morningstar Asia, Mong Kok, Hong, Deliveroo, Foodpanda Hong Kong
Pinduoduo or Meituan? Asset management firm weighs in
  + stars: | 2023-06-19 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPinduoduo or Meituan? Asset management firm weighs inShawn Yang of Blue Lotus Capital Advisors explains which online Chinese retailer is the better pick.
Persons: Shawn Yang Organizations: Blue Lotus Capital Advisors
The story behind this playful rooftop portrait
  + stars: | 2023-06-09 | by ( Rebecca Cairns | ) edition.cnn.com   time to read: +8 min
Hong Kong’s humidity – already oppressive – was intensified in the dark, maze-like alleyways of an unruly enclave known as Kowloon Walled City. Greg Girard, courtesy of Blue Lotus GalleryA ‘strange, vertical village’Girard first visited Kowloon Walled City in 1986 while on a shoot at the nearby airport. As such, the Walled City remained technically subject to Chinese rule, though this was never enforced. The site of the Walled City has since been transformed into a public park, which opened in 1995. Ongoing interest in the Walled City is, Girard suggests, because of the spirit it encapsulates: the aptitude for survival even in the harshest of circumstances.
Persons: , Greg Girard, wasn’t, ” Girard, , Girard, Greg Girard ., ’ Girard, , Ian Lambot, Lambot, Girard — Organizations: CNN, Kai Tek International, Lotus Locations: Hong, Kowloon Walled City, Walled City, Walled, Tung, Hong Kong, British, , , City, Girard
CFOTO | Future Publishing | Getty ImagesTikTok Shop is a rising threat to major e-commerce players such as Shopee and Lazada in Southeast Asia. TikTok Shop is the e-commerce marketplace of short video app TikTok, which is owned by Chinese tech giant ByteDance. In 2022, TikTok Shop expanded to six Southeast Asian countries — Singapore, Malaysia, Indonesia, the Philippines, Vietnam and Thailand. TikTok is "focused on the continued development of TikTok Shop in Southeast Asia," said the spokesperson. To incentivize sellers to join the platform, TikTok Shop waived commission fees when it launched in Singapore in August.
Persons: TikTok, Shopee, Shawn Yang, Shop's, Sachin Mittal, Lazada's GMV, Jonathan Woo, Lazada, Shou Zi, Woo, bode Organizations: Blue Lotus Research Institute, Sea Group, DBS Bank, CNBC, Intelligence, Phillip Securities Research, TikTok, U.S, Merchants, SG, Phillip Securities Locations: Southeast Asia, India, Singapore, Malaysia, Indonesia, Philippines, Vietnam, Thailand, Southeast, GMV, U.S, Statista, Brazil, China, U.S ., Montana, Texas, Nomieo
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailA.I. could help Alibaba boost growth in its cloud business, asset management firm saysShawn Yang of Blue Lotus Capital Advisors says artificial intelligence will be very important for all Chinese technology companies and explains why investors should buy Alibaba.
On Monday, Alibaba co-founder Jack Ma visited a private school he founded in Hangzhou, China. Ma first vanished from public view after angering authorities in 2020 amid Beijing's tech crackdown. The private school caters to students from kindergarten to high school. Ma returned to China amid signals that Beijing may be taking a friendlier stance toward private enterprises after more than two years of a widespread tech crackdown. His visit follows a top Chinese central banker's comments in January that Beijing's tech crackdown was coming to a close.
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChina's Bilibili is a 'long way' from breakeven, says asset management firmShawn Yang of Blue Lotus Capital Advisors says that's because of the video-sharing website's strategy.
"Tencent hopes it can turn Channels into the next WeChat Pay. Two sources familiar with Tencent said the importance of Channels has been repeatedly communicated within the company. In November, Tencent President Martin Lau said Channels' advertising revenue was on track to reach 1 billion yuan in the fourth quarter of 2022. "For example, in Douyin or Kuaishou, you won't be able to ask your viewers to add you on WeChat. But on Channels, you can quickly add somebody on WeChat," Yang said.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChinese tech giant Alibaba is one of our top picks this year, says asset management firmShawn Yang of Blue Lotus Capital Advisors says apparel and makeup, which are product categories under Alibaba, are likely to do well as China reopens.
Xiaomi faces many challenges ahead: Research firm
  + stars: | 2022-11-24 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailXiaomi faces many challenges ahead: Research firmRobert McKay of Blue Lotus Research Institute says that even if Covid-19 restrictions in China should ease, Xiaomi faces 'insurmountable' competition from Huawei that will 'greatly' impact the company in the first half of 2023.
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