First round of coke price increase

Chinese Jewelry's Enterprises Journey to Go Global

26-year-old Xiaolin plans to marry his girlfriend of five years, and purchasing gold and silver jewelry is an essential part of the wedding preparations. When he went shopping, he was shocked to find that the prices of gold and silver jewelry had skyrocketed. A ring he liked last year had already increased in price by 17% this year.

Sea back in the black with $79.9M Q2 profit

Sea Group on Tuesday posted a net profit of US$79.9 million for the three months ended June 30, down 75.9% from US$331 million in the corresponding year-ago period.

“Riding the Wave: Chinese Trendy Toys Expanding into Southeast Asia?

On July 5th, POP MART opened its first LABUBU IP-themed store in Bangkok, Thailand. On its opening day, sales surpassed 10 million RMB. Recently, a Thai princess was spotted in China with her bodyguard, who carried a LABUBU ‘Pain Bag.’ These impressive achievements mark the official establishment of the Chinese trendy toy giant in the Southeast Asian market.

Betting on Indonesia: TikTok E-commerce Expands into Local Services

Recently, it has been reported that TikTok is quietly testing local services in Indonesia and Thailand. According to informed sources, some fortunate users have already encountered carefully designed group-buying deals in their feeds, primarily focusing on dining merchants. This move has quickly attracted widespread attention and discussion in the market, especially considering TikTok’s previous experience in Indonesia’s e-commerce sector.

Himalaya Turns to Hong Kong for IPO

On September 14, after withdrawing the IPO application on US SEC, China's online audio platform Himalaya submitted an IPO prospectus to the Hong Kong Stock Exchange. The underwriters are Goldman Sachs, Morgan Stanley and CICC.