Lunar New Year

J.D. Power-GlobalData U.S. Automotive Forecast for February 2024

Retrieved on: 
Thursday, February 22, 2024

Spending as a percentage of the average MSRP is expected to increase to 5.3%, up 2.3 percentage points from February 2023.

Key Points: 
  • Spending as a percentage of the average MSRP is expected to increase to 5.3%, up 2.3 percentage points from February 2023.
  • Retail buyers are on pace to spend $40.8 billion on new vehicles, up $1.4 billion from February 2023.
  • “Global light-vehicle sales in 2024 are projected to be 89.1 million units (adjusted for China exports), an increase of 3% from 2023.
  • Global inventory is expected to build slightly in 2024 as production returns to predictable levels and outpaces demand.

ChipMOS REPORTS 23.6% INCREASE IN FEBRUARY 2024 REVENUE YEAR OVER YEAR

Retrieved on: 
Friday, March 8, 2024

HSINCHU, March 8, 2024 /PRNewswire-FirstCall/ -- ChipMOS TECHNOLOGIES INC. ("ChipMOS" or the "Company") (Taiwan Stock Exchange: 8150 and Nasdaq: IMOS), an industry leading provider of outsourced semiconductor assembly and test services ("OSAT"), today reported its unaudited consolidated revenue for the month of February 2024 increased 23.6% on a year over year basis.

Key Points: 
  • HSINCHU, March 8, 2024 /PRNewswire-FirstCall/ -- ChipMOS TECHNOLOGIES INC. ("ChipMOS" or the "Company") (Taiwan Stock Exchange: 8150 and Nasdaq: IMOS), an industry leading provider of outsourced semiconductor assembly and test services ("OSAT"), today reported its unaudited consolidated revenue for the month of February 2024 increased 23.6% on a year over year basis.
  • All U.S. dollar figures cited in this press release are based on the exchange rate of NT$31.62 to US$1.00 as of February 29, 2024.
  • Revenue for the month of February 2024 was NT$1,777.1 million or US$56.2 million, representing an increase of 4.0% from January 2024, and an increase of 23.6% from February 2023.
  • The Company noted that it is continuing to benefit from further improvements in the memory segment across the broader industry, with improved inventory stabilization and demand recovery, which more than offset fewer working days compared to January due to annual Lunar New Year holiday closures, and the ongoing impact of inventory rebalancing at customers across most end markets.

Global Times: Horse-face skirt sails overseas as unique Chinese cultural symbol

Retrieved on: 
Monday, March 4, 2024

This phenomenon has caught the attention of many who realized that the horse-face skirt craze was expanding to overseas markets thanks to this unique cultural symbol.

Key Points: 
  • This phenomenon has caught the attention of many who realized that the horse-face skirt craze was expanding to overseas markets thanks to this unique cultural symbol.
  • Far from being photoshoot prop, wearing the horse-face skirt has become almost de rigueur among many Chinese celebrities and influencers for various international social occasions.
  • In the current trend of traditional Chinese clothing revival, how has the horse-face skirt stood out to become the most prominent garment?
  • "Many young people believe that the horse-face skirt is not just a fashion item, but also a cultural symbol.

A longer Visa-free list signifies how China's gate is opening wider

Retrieved on: 
Thursday, February 29, 2024

Netizens commented that the people of China and Malaysia are "switching celebration venues" by spending the holiday in each other's countries.

Key Points: 
  • Netizens commented that the people of China and Malaysia are "switching celebration venues" by spending the holiday in each other's countries.
  • Since last year, China has implemented a visa-free policy for France, Germany, Italy, the Netherlands and Spain, and reached mutual visa exemption agreements with Malaysia, Singapore and Thailand.
  • A longer list of unilateral visa-free and mutual visa exemption countries proves that China is opening its gate wider and wider.
  • Visa-free policies as the first step in deepening friendly exchanges and reciprocal collaborations have drawn China and other countries nearer.

NetEase Announces Fourth Quarter and Fiscal Year 2023 Unaudited Financial Results

Retrieved on: 
Thursday, February 29, 2024

HANGZHOU, China, Feb. 29, 2024 /PRNewswire/ -- NetEase, Inc. (NASDAQ: NTES and HKEX: 9999, "NetEase" or the "Company"), a leading internet and game services provider, today announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2023.

Key Points: 
  • HANGZHOU, China, Feb. 29, 2024 /PRNewswire/ -- NetEase, Inc. (NASDAQ: NTES and HKEX: 9999, "NetEase" or the "Company"), a leading internet and game services provider, today announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2023.
  • Net revenues from Youdao were RMB1.5 billion (US$208.5 million) for the fourth quarter of 2023, compared with RMB1.5 billion each for the preceding quarter and the fourth quarter of 2022.
  • Gross profit for the fourth quarter of 2023 was RMB16.8 billion (US$2.4 billion), compared with RMB17.0 billion and RMB13.2 billion for the preceding quarter and the fourth quarter of 2022, respectively.
  • Gross profit margin for Youdao for the fourth quarter of 2023 was 49.9%, compared with 55.9% and 53.3% for the preceding quarter and the fourth quarter of 2022, respectively.

The "Spring Festival Festival Festival" in Chengdu has come to an end

Retrieved on: 
Thursday, February 29, 2024

CHENGDU, China, Feb. 28, 2024 /PRNewswire/ -- On the night of February 24th, the lanterns in Chengdu were bright and dazzling, with countless Spring Festival activities blooming in various places in Chengdu. The Year of the Dragon came to a close amidst the lively atmosphere of fireworks and excitement, marking a vibrant start to the Chinese people's 2024. In the midst of this festive tourism atmosphere, how "hot and spicy" is Chengdu?

Key Points: 
  • Statistics show that during the Spring Festival period, GoChengdu ranked first on both Facebook and X platforms among national central city accounts.
  • On Lantern Festival day, GoChengdu released the creative short film "Strolling in the December Market Painting," capturing the festive atmosphere of Lantern Festival in Chengdu.
  • The short film creatively uses VR gaming settings to recreate the prosperous scene of the December market in Song Dynasty Chengdu.
  • On the Xiaohongshu platform, there are over 1.64 million notes recording the "Chengdu Spring Festival Travel Guide," inspiring global netizens to explore Chengdu through the internet.

Taiwan Stock Exchange launches 2024 overseas tour to attract global capital: Europe trip targets heavyweight investor institutions

Retrieved on: 
Monday, February 26, 2024

On a mission to expand international funding sources in 2024, the Taiwan Stock Exchange (the "TWSE") is expected to visit more than a dozen prominent institutional investors in Europe in March to further strengthen international investor relations.

Key Points: 
  • On a mission to expand international funding sources in 2024, the Taiwan Stock Exchange (the "TWSE") is expected to visit more than a dozen prominent institutional investors in Europe in March to further strengthen international investor relations.
  • Taiwan stocks continued to shine at the start of the Year of the Dragon, propelled by the robust fundamentals.
  • The Taiwan stock market surged in 2023, driven by an unprecedented level of participation by domestic investors.
  • It underscores Taiwan's ongoing commitments to actively deepen international investor relations and promote securities investment measures for enhanced international cooperation.

Fosun Family Season Concludes with Over RMB10 Billion in Sales and Booming Family Consumption

Retrieved on: 
Monday, February 26, 2024

This year's Fosun Family Season was held during the Chinese New Year period for the first time.

Key Points: 
  • This year's Fosun Family Season was held during the Chinese New Year period for the first time.
  • Highlights of this year's Fosun Family Season include total sales exceeding RMB10 billion, the overseas debut of Yuyuan Garden Lantern Festival, and the digital construction of Fosun Family Season.
  • With an emphasis on "stability" and even stronger emphasis on "progress" and "establishment", the highlights of this year's Fosun Family Season sent a more positive signal of high-quality development.
  • To date, this year's Yuyuan Garden Lantern Festival attracted more than 4 million visitors, and the sales performance during the holiday significantly improved.

J&T Express Sees Strong Growth in Lunar New Year, Showcasing Advantageous Southeast Asia Logistics Network

Retrieved on: 
Friday, February 23, 2024

In addition to China, the Lunar New Year is celebrated as a public holiday in numerous Southeast Asian countries.

Key Points: 
  • In addition to China, the Lunar New Year is celebrated as a public holiday in numerous Southeast Asian countries.
  • As the largest courier service provider in Southeast Asia, J&T Express plays a vital role in meeting this demand.
  • 1 express delivery operator in Southeast Asia by parcel volume in 2022 and had the highest market share in China.
  • Looking ahead, J&T Express is committed to enhancing its global logistics network while continuously improving service quality and operational efficiency.

J&T Express Sees Strong Growth in Lunar New Year, Showcasing Advantageous Southeast Asia Logistics Network

Retrieved on: 
Friday, February 23, 2024

In addition to China, the Lunar New Year is celebrated as a public holiday in numerous Southeast Asian countries.

Key Points: 
  • In addition to China, the Lunar New Year is celebrated as a public holiday in numerous Southeast Asian countries.
  • As the largest courier service provider in Southeast Asia, J&T Express plays a vital role in meeting this demand.
  • 1 express delivery operator in Southeast Asia by parcel volume in 2022 and had the highest market share in China.
  • Looking ahead, J&T Express is committed to enhancing its global logistics network while continuously improving service quality and operational efficiency.