government subsidies – Charm

China’s JD.com tops quarterly revenue estimates as demand holds up

Cs news2 months ago03 mins

(Reuters) -China’s JD.com (JD) topped market estimates for quarterly revenue on Thursday, as the e-commerce giant benefited from steady consumer spending on its platform thanks to government subsidies and lower prices.‌ U.S.-listed shares of the company rose nearly 5% in premarket trading. Chinese retail majors including ‌JD.com and Alibaba are using heavy discounts and price…

Editorial | Putting Hong Kong’s workers first on this Labour Day

Cs news8 months ago02 mins

Unlike previously, when May 1 was marked by large-scale demonstrations calling for better protection for workers, Labour Day in more recent years has passed by as a paid holiday for people to take a break. But this year offers double the reason to celebrate as two key improvements in benefits take effect today. The hourly…