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NetEase’s music-streaming service goes down for 2 hours after ‘infrastructure failures’

by Haddis Thomas
NetEase’s music-streaming service goes down for 2 hours after ‘infrastructure failures’

NetEase Cloud Music, the Hong Kong-listed Chinese music-streaming service with more than 200 million monthly active users, reported a widespread outage for over two hours on Monday afternoon, blaming infrastructure …

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Hong Kong MTR Corp’s profit rises 45% to HK$6 billion as ridership recovers strongly

by Ron Morgan
Hong Kong MTR Corp’s profit rises 45% to HK billion as ridership recovers strongly

Hong Kong MTR Corp’s profit rises 45% to HK$6 billion as ridership recovers strongly Hong Kong’s MTR Corporation has posted a 44.7 per cent rise in net profit to HK$6.04 …

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Hong Kong’s Vitasoy reports 155% profit growth on new flavours, retail improvement

by Anas Siddiqui
Hong Kong’s Vitasoy reports 155% profit growth on new flavours, retail improvement

Hong Kong-based drink company Vitasoy International Holdings recorded a 2.5-fold increase in net profit despite a small revenue decline as a focus on product innovation paid off in successful launches …

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Thailand targets ‘digital nomads’, students, and tourists by approving longer visa stays

by Walter Watson
Thailand targets ‘digital nomads’, students, and tourists by approving longer visa stays

Thailand targets ‘digital nomads’, students, and tourists by approving longer visa stays Thailand’s government said on Tuesday it had approved longer visa stay periods for tourists, postgraduate students and remote …

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Rejig of riches: Study moots robin hood tax for equality

by Ron Morgan
Rejig of riches: Study moots robin hood tax for equality

New Delhi: A new study co-authored by economist Thomas Piketty suggests India should impose a wealth tax on the ultra-rich to tackle inequality and create fiscal space for investments in …

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Xpeng trims net loss in first quarter as deliveries, margins increase and licensing fees from VW jump

by Anas Siddiqui
Xpeng trims net loss in first quarter as deliveries, margins increase and licensing fees from VW jump

Chinese electric vehicle (EV) maker Xpeng said losses narrowed last quarter on higher sales while margins improved, delivering a better report card than predicted by stock analysts. It also received …

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Two-wheeler makers ride high on record sales of branded spare parts

by Horatio Thompson
Two-wheeler makers ride high on record sales of branded spare parts

Two-wheeler makers Royal Enfield, Bajaj Auto and Hero MotoCorp posted record revenue from sales of branded, genuine parts – like brake pads, headlights and speedometer – accessories and merchandise in …

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Chinese domestic travel surge bypasses hotel chains as thrifty travellers avoid the beaten path

by Anas Siddiqui
Chinese domestic travel surge bypasses hotel chains as thrifty travellers avoid the beaten path

The world’s second-largest economy saw a surge in tourism during the Labour Day holiday period, but hotel chains across China continued to face economic headwinds as budget-conscious tourists turned towards …

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Flair Airlines CEO bullish on future of discount airlines. Others aren’t so sure

by Anas Siddiqui
Flair Airlines CEO bullish on future of discount airlines. Others aren’t so sure

With Swoop folded into WestJet and Lynx folded altogether, Edmonton-based Flair Airlines has emerged as the only ultra-low cost carrier left standing in Canada.  Is CEO Stephen Jones nervous? “Not …

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Tata Motors news: Tata Motors shines in Q4, anticipates debt-free status; JLR posts record profit

by Horatio Thompson
Tata Motors news: Tata Motors shines in Q4, anticipates debt-free status; JLR posts record profit

Tata Motors, India’s largest automaker by revenue, trumped Street expectations with amore than threefold surge in net profit in the March quarter propelled by strong performances across its three business …

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