Thursday, October 5, 2023

Asia Trade

Apple Acquired Swedish BIS Records

Apple, which is strengthening its music streaming service, has acquired the famous Swedish classical record label "BIS Records." BIS Records founder Robert von Barr said on the 5th (local time) that Apple had acquired his record company. "After careful consideration,...

Global Smartphone Market is Shrinking

While the global smartphone market is shrinking due to the economic recession, it is predicted that the iPhone will continue to grow. Meanwhile, Samsung is expected to grow its foldable phone market, which was pioneered first, but its market share...

Bank of China Admitted Default Occured in LGFV

The Bank of China said on the 30th that a default occurred in LGFV (local government financing vehicles), a special corporation for financing of some local governments, and the quality of its assets deteriorated, Reuters reported. According to reports, the...

Evergrande Stock Price Plunged by 87%

Stock trading of Evergrande, a real estate developer that sparked a crisis in the Chinese real estate industry after falling into a massive default two years ago, resumed on the 28th, 17 months after the suspension of trading. However, the...

In Debt, Country Garden Put Up Assets for Sale

China's largest real estate developer, Country Garden, which is in debt crisis, hurriedly put up its assets worth 1.291.5 billion yuan in Guangdong Province for sale to secure funds to resume suspended apartment construction. The Central News Agency said on...

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