Tag: Business
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Uber sees strong growth during Golden Week
Uber announced yesterday that ridership grew strongly during its Uber Taxi operation in Macau over the National Day Golden Week holidays. According to the company release, ... -
Local logistics industries establish a new official aggregating group
Logistics companies and groups in Macau officially established a new umbrella association yesterday. The Macao General Association of Logistics Industries (AGILM) was inaugurated, and its first ... -
Spain seeks deeper investment ties ahead of tourism forum
On Monday, the Spanish consul general for Macau and Hong Kong, Jesús Gracia Aldaz, outlined plans to expand business ties in financial technology and life sciences ... -
Tim Cook makes first China visit since stepping down as Apple CEO
Tim Cook appeared in Guangzhou, Guangdong province, on Saturday, marking his first trip to China since stepping down as Apple’s chief executive and his first visit ... -
AgiBot to deploy over 300 robots at Chimelong Park
Shanghai-based artificial intelligence (AI) and robotics company AgiBot is deploying more than 300 robots to operate at Chimelong Theme Park on Hengqin Island. The deployment is ... -
SMEs still struggling despite record tourist spending
Macau’s small- and medium-sized enterprises (SMEs) are still struggling despite record tourist spending, lawmakers said, calling for more precise government support to reach community retailers. ... -
Tourism sector admits lack of rules as gov’t plans guidelines
The local tourism sector has acknowledged that the travel photography industry has long lacked proper regulation, as the government prepares to introduce guidelines following concerns over ... -
New registration rules proposed for on-site paid photography services
More than 40 residents attended the third public consultation session on the proposed regulatory system for specific businesses and activities, with seven participants sharing their views ... -
China’s box office gallops into the lead
Propelled by Spring Festival blockbusters, the Year of the Horse has seen a galloping surge in box office takings, making China the world’s largest single movie ... -
Grand Emperor sells ‘decorative’ gold bars for HK100 million
The 78 gold bars that Grand Emperor Hotel had displayed on the lobby floor have been removed and sold, the company announced. According to the notice, ... -
Galeries Lafayette quietly leaves after 2 years
YOHO Mall’s flagship retailer, Galeries Lafayette, has quietly closed its doors sometime last week, the Times learned. Following the closure of the high-end commercial space, YOHO ... -
Tesla loses title as world’s biggest electric vehicle maker as sales fall for second year in a row
Tesla lost its crown as the world’s bestselling electric vehicle maker on Friday as a customer revolt over Elon Musk’s right-wing politics, expiring U.S. tax breaks for ... -
Association wants new rules to support small eateries
The Macau Association of Fine Cuisine Merchants has advocated supporting the newly submitted “Catering and Related Establishment Business Law” while proposing specific optimizations to ensure the ... -
Inner Harbour business owners express concordance with gov’t response measures
At 3 p.m. this afternoon, the Macau Meteorological and Geophysical Bureau (SMG) downgraded the red storm surge warning to blue as water levels receded. Businesses in ... -
China says Nvidia violated antimonopoly laws, according to a preliminary investigation
Chinese regulators said yesterday that a preliminary investigation found chipmaker Nvidia violated the country’s anti-monopoly laws. The State Administration for Market Regulation said in a one-sentence ... -
Bar industry struggles under current landscape, points to directions for revival
Macau’s bar industry is facing mounting challenges as shifting social habits, regulatory hurdles, and a lack of targeted support threaten the survival of the sector, according ... -
Success Universe boosts financial support for Ponte 16 Resort
Success Universe Group is increasing its financial support for its Macau resort Ponte 16, with new filings indicating total exposure could reach HKD839 by 2025. The ... -
JPMorgan labels Labubu a ‘Super IP’ in growth forecast
Pop Mart International Group Ltd, a China-based trendy collectible toy maker, is receiving optimistic outlooks from major investment banks, fueled by the success of its flagship ... -
Eileen Stow eyes youth and regional engagement for BritCham
The British Chamber of Commerce in Macao (BritCham Macao) has appointed Eileen Stow as its new chair, marking a new chapter focused on regional outreach and ... -
SMEs’ approved credit limit plunges 26%
New small and medium-sized enterprise (SME) credit limits approved by local banks in the second half of 2024 totaled MOP3.3 billion, down 25.9% from the first ... -
Gov’t considers more support for SMEs
The government is exploring additional campaigns aimed at boosting community neighborhoods, according to the Economic and Technological Development Bureau (DSEDT). In a reply to lawmaker Ella ... -
Nvidia’s stock dips after probe into alleged anti-monopoly violations
Shares of Nvidia fell yesterday after China said it is investigating the high-flying U.S. microchip company over suspected violations of Chinese anti-monopoly laws. In a brief ... -
Local voices discuss and share competition in cross-border deals
Local businesses in residential neighborhoods have struggled over the past year as more residents opt to spend their money across the border on the mainland. The ... -
Visa champions financial literacy in the Greater Bay Area
Analysis Visa is celebrating a decade of commitment to financial education with the 10th anniversary of the Hong Kong Financial Literacy Championship. This year, the Championship ... -
PwC loses largest China client in wake of Evergrande storm
PricewaterhouseCoopers LLP (PwC) has lost its largest client in the Chinese mainland amid a wave of client departures triggered by a regulatory probe into the auditing ... -
Starbucks quarterly revenue falls on weak traffic in US and China
Starbucks’ revenue fell 1% in the April-June period as customer traffic weakened in the U.S. and China. But the Seattle coffee giant expressed optimism that successful ... -
China’s Baosteel to buy out Nippon Steel’s 50% stake in auto steel venture
China’s Baosteel said yesterday that it will acquire Nippon Steel’s 50% stake in their auto steel joint venture for about $242 million. The contract for the ...
