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

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

Stores closed at former Galeries Lafayette YOHO Mall’s flagship retailer, Galeries Lafayette, has quietly closed its doors sometime last week, the Times learned. Following the

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

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

Inner Harbour business owners express concordance with gov’t response measures

The flood level reached by different typhoons is marked at the storefront At 3 p.m. this afternoon, the Macau Meteorological and Geophysical Bureau (SMG) downgraded the red storm surge warning

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

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 to

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 latest agreement

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 IP,

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

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

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.

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

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

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