PODCAST: A Fitch Downgrade, and New Steps to Bring Back Global Tourists
Fitch has lowered its outlook on China's sovereign rating to "negative," citing economic uncertainty. What does this mean for investors, and what's the likelihood of an actual ratings downgrade? And China has ordered all hotels rated three stars or higher to accept foreign credit cards. Will this help to bring back foreign travelers after three years of Covid isolation?
Yeahka Ramps Up E-Commerce Bid, But Investors Cash Out
Mobile payment services provider issues $70 million in convertible bonds to finance its e-commerce drive, hoping to leverage its large merchant base Key takeaways: Yeahka’s push into the highly competitive…
Yeahka in Acquisition to Boost In-Store E-commerce Business
Grappling with intense competition in the payment industry, company bets on technology-enabled services with potential to jumpstart growth Key Takeaways: Yeahka is paying 100 million yuan for 60% of consumer…
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