covid

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?
Trip.com Hong Kong, a subsidiary of leading Chinese online travel agency Trip.com Group, said its orders for outbound air tickets nearly tripled year-over-year between Jan. 4 and Jan. 10, with the number of flights booked on Jan. 10 setting the second-highest one-day record since Covid-related border controls ended.

FAST NEWS: Trip.com’s Hong Kong flight bookings surge

The latest: Trip.com Hong Kong, a subsidiary of leading Chinese online travel agency Trip.com Group Ltd. (9961.HK; TCOM.US), said its orders for outbound air tickets nearly tripled year-over-year between Jan. 4…
TCOM.US 9961.HK
Sportswear retailer Anta reported on Friday that retail sales for its Anta-branded products rose by a high-teens percentage figure in last year’s fourth quarter, while its Fila-branded products recorded even higher 25% to 30% growth.

FAST NEWS: Anta posts strong fourth-quarter sales growth

The latest: Sportswear retailer Anta Sports Products Ltd. (2020.HK) reported on Friday that retail sales for its Anta-branded products rose by a high-teens percentage figure in last year’s fourth quarter,…
2020.HK
U.S. banking giant JPMorgan disclosed it sold 3.94 million shares of e-commerce services provider Weimob Inc. on Nov. 1, lower its stake from 6.01% to 5.87%.

FAST NEWS: JPMorgan cuts its Weimob holdings

The latest: U.S. banking giant JPMorgan disclosed it sold 3.94 million shares of e-commerce services provider Weimob Inc. (2013.HK) on Nov. 1, lower its stake from 6.01% to 5.87%, according to a…
2013.HK

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