Business

Jury Rules Live Nation and Ticketmaster Operated as an Illegal Monopoly, Overcharging Fans

A jury found Live Nation and Ticketmaster guilty of antitrust violations, ruling they operated as an illegal monopoly and overcharged fans. The verdict moves to a remedies phase, potentially leading to significant industry changes.

Olivia Rodrigo Drops New Single ‘Drop Dead’ and Makes Surprise Coachella Appearance

Olivia Rodrigo releases her new single 'Drop Dead' and performs it live at Coachella, signaling a new romantic direction for her upcoming album.

Trump Organization Eyes Tbilisi Skyline with Ambitious New Skyscraper Project

The Trump Organization is planning a new luxury skyscraper in Tbilisi, Georgia, featuring a hotel and residences, as part of its international expansion strategy.

Jury Rules Live Nation and Ticketmaster Operated as an Illegal Monopoly, Overcharging Fans

A jury found Live Nation and Ticketmaster guilty of antitrust violations, ruling they operated as an illegal monopoly and overcharged fans. The verdict moves to a remedies phase, potentially leading to significant industry changes.

Judge Halts Nexstar-Tegna Merger Amid Antitrust Fears

Federal judge blocks Nexstar-Tegna merger over antitrust concerns, halting the $6.2 billion deal pending a trial. State AGs and DirecTV celebrated the ruling.

Chinese AI Pioneer iFlytek Prioritizes Generative AI Pre-Training Large-Scale Model Development

Chinese artificial intelligence company iFlytek announced that it will incorporate ChatGPT-related technology into its products, such as learning machines. The company plans to hold...

Glamping in China: A Growing Market Despite Pandemic-Induced Challenges

Glamping became a popular trend in China in 2022, as people sought a way to escape the confines of COVID-19 restrictions and enjoy the...

Sanya’s Tourism Sector Sees Boost as Visitors Flock to “Edges of Heaven, Corners of the Sea”

Sanya, a coastal resort city in South China's Hainan province, is seeing a surge in tourism as visitors flock to Tianya Haijiao, a famous...

China’s total logistics revenues up by 4.7% in 2022

China's logistics industry has maintained a steady growth trajectory in 2022, as per the latest industry report by the China Federation of Logistics and...

Hualuxe, the British Hotel Brand that Celebrates Chinese Culture

When walking into a Hualuxe hotel, one may believe that it's a Chinese brand but, in fact, it belongs to British company IHG Hotels...

China’s Zhuzhou Rubber Research & Design Institute Co Ltd Clarifies its Products are for Civilian Use Only

State-owned China National Chemical Corp (Sinochem) has denied recent allegations that its Hunan-based subsidiary, Zhuzhou Rubber Research & Design Institute Co Ltd, is involved...

China’s Asset Management Industry Continues to Grow, Assets Under Management Surpass $3.95 Trillion

According to the Asset Management Association of China, the assets under the management of China's public offering funds have reached a remarkable 27.25 trillion...

China’s Securities Watchdog and Related Departments Revise Rules on Overseas Listings for Domestic Companies

China's top securities regulator, the China Securities Regulatory Commission (CSRC), has revised the regulation on secret protection and archive management in the overseas listing...

China’s Sharing Economy Grows Despite Headwinds, Reaching $555.54 Billion in 2022

According to a recent report by the State Information Center, China's sharing economy has maintained steady growth, reaching approximately 3.83 trillion yuan ($555.54 billion)...

Australian businesses express interest in investment opportunities in western China

Australian businesses are showing great interest in exploring investment opportunities in Western China, as the region seeks to boost foreign investment and trade cooperation....

Chinese banks streamline early mortgage repayment processes to meet rising demand

Commercial banks in China are focusing on optimizing their financial services to make it easier for homebuyers to make early repayments on their mortgages....

China’s Banking Sector Adapts to International Regulatory Reforms with New Capital Measures

China is taking steps to establish a differentiated capital regulatory system for commercial banks in order to improve bank capital regulations, manage financial risk...

China Strengthens Financial Cooperation between Mainland and Hong Kong/Macao with New Guidelines

China is making significant strides towards strengthening economic and business ties across the Guangdong-Hong Kong-Macao Greater Bay Area, with a particular focus on Qianhai...

China’s Ministry of Science and Technology reaffirms support for ChatGPT-like AI technologies

China's Ministry of Science and Technology is reaffirming its commitment to supporting the country's artificial intelligence (AI) sector as a strategic emerging industry. The...

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