Breaking News: Asia

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 in the world's biggest online gaming market."The most recent regulatory move on the online gaming industry is the last thing the market was hoping to hear out…

Toyota CEO and President Akio Toyoda to step down Toyota CEO and President Akio Toyoda to step down FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email –…

China's Covid outbreak is at its worst in about half a year. Residents of Hohhot, Inner Mongolia, are pictured here lining up for regular virus testing in their community on Nov. 10, 2022.Future Publishing | Future Publishing | Getty ImagesBEIJING — China reduced the quarantine time for international travelers by two days, state media said Friday.Instead of having to stay at a centralized quarantine facility for seven days, the new rules stipulate a five day quarantine, followed by three days of home observation,…

People sit outside a bar at Emily Hill in Singapore, on Monday, Aug. 22, 2022.Ore Huiying | Bloomberg | Getty ImagesSINGAPORE — Singapore is set to allow non-fully vaccinated travelers to skip quarantine on arrival starting Monday, authorities announced Wednesday.Visitors who are not fully vaccinated will still be required to test negative for Covid within 2 days prior to their departure for Singapore. But they will no longer need to serve a 7-day quarantine at home or at their place of residence.Currently,…

Tencent posted its first ever quarterly year-on-year revenue decline as stricter regulations around gaming in China and a resurgence of Covid-19 in the world's second-largest economy hit the technology giant.Here's how Tencent did in the second quarter, versus Refinitiv consensus estimates: Revenue: 134.03 billion Chinese yuan ($19.78 billion) vs. 134.6 billion yuan expected, a decline of 3% year-on-year.Profit attributable to equity holders of the company: 18.62 billion yuan vs. 25.28 billion yuan expected, a decline of…

The entrance to Google's U.K. offices in London.Olly Curtis | Future Publishing | via Getty ImagesGoogle was briefly down on Tuesday, with users in the U.S., U.K., Australia, Singapore and elsewhere reporting issues with the search engine, which is owned by Alphabet.DownDetector.com confirmed that the website was "having problems."At its peak in the U.S., more than 40,000 people reported that Google wasn't working. The figure quickly fell, and has stayed below 100 since around 2 a.m. ET."We're aware of a software update…

SoftBank's Vision Fund, the brainchild of the company's founder Masayoshi Son, has faced a number of headwinds including a slump in technology stocks as a result of rising interest rates, a tough China market and geopolitics.Kentaro Takahash | Bloomberg | Getty ImagesSoftBank posted one of its biggest losses at its Vision Fund investment unit for its fiscal first quarter, as technology stocks continue to get hammered amid rising interest rates.The Japanese giant's Vision Fund posted a 2.93 trillion Japanese yen ($21.68…

Hong Kong is reducing the amount of time travelers will need to serve hotel quarantine, from seven days down to three starting Friday."The seven-day quarantine hotel arrangement will be changed to three days in a quarantine hotel, plus four days of home medical surveillance," Chief Executive John Lee said at a press conference Monday.After completing the hotel quarantine, travelers can stay at home or in a hotel for the four days of surveillance. During this period people will be able to leave their place of residence,…

Alibaba reported fiscal first-quarter earnings on Thursday that beat expectations, sending its stock higher.The Chinese e-commerce giant's U.S.-listed shares jumped as much as 6% and closed the session 1.8% higher.Here's how Alibaba did in its fiscal first quarter, versus Refinitiv consensus estimates: Revenue: 205.55 billion Chinese yuan ($30.68 billion) vs. 203.19 billion yuan expected, remaining flat year-on-year.Earnings per American depositary share (ADS): 11.73 yuan vs. 10.39 yuan expected, down 29% year-on-year.Net…

Nathan Blecharczyk, co-founder and chief strategy officer of Airbnb Inc., speaks during a news conference in Tokyo, Japan, on Thursday, June 6, 2019.Akio Kon | Bloomberg | Getty ImagesAirbnb is closing its domestic business in China, according to two sources familiar with the matter. The company is planning to tell employees in the country as early as Tuesday morning in Beijing. All mainland Chinese listings — homes and experiences — will be taken down by this summer.Airbnb formally launched its mainland China business in…