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Search resuls for: "Jing Yang"


3 mentions found


☆ Covid-19 Rules Take Shine Off Hong Kong’s Bid to Reopen
  + stars: | 2022-10-29 | by ( Elaine Yu | Jing Yang | ) www.wsj.com   time to read: 1 min
Hong Kong will attempt to show it is back in business with a financial summit and premier rugby tournament next week, as strict pandemic controls have led to an exodus of talent and business from the city. But with most visitors still being forced to take PCR tests on arrival and banned from bars and restaurants for three days, business leaders say the two events intended to serve as marquee attractions for the Asian financial hub are likely to fall flat.
☆ Fast-Fashion Juggernaut Shein’s Sales Close In on Zara, H&M
  + stars: | 2022-10-28 | by ( Jing Yang | ) www.wsj.com   time to read: 1 min
Online retailer Shein is on track to generate revenue of $24 billion this year, according to people close to the company, putting it within striking distance of the world’s largest fast-fashion giants—just a decade since its founding. Shein, which was started in China and is now based in Singapore, has grown rapidly thanks to a unique business model that has enabled the company to sell a large assortment of apparel at ultralow prices and respond quickly to shifting fashion trends. Women’s tops retail on its website for as little as $2 and some dresses can be purchased for less than $5.
☆ Tencent Considers More Stake Sales to Fund Share Buybacks, Future Growth
  + stars: | 2022-09-20 | by ( Jing Yang | Raffaele Huang | ) www.wsj.com   time to read: 1 min
Tencent Holdings Ltd. is looking into shedding more of its huge investment portfolio as the Chinese social-media and videogame company tries to fund a series of share buybacks and refocus its growth strategy, people familiar with the matter said. The technology giant, which owns stakes in some of China’s largest internet companies, has recently completed a regular review of its sprawling portfolio and identified its priorities for possible stake sales based on the returns these investments have generated, the people said. Potential disposals could include online real-estate brokerage KE Holdings food-delivery company Meituan and ride-hailing giant Didi Global they added. Tencent is in no rush to execute the divestments, the people said, and it is unclear when they will happen.
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