Agnes Sui-kuen Chan: Latest Articles, Analysis and Profile
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Agnes Sui-kuen Chan, BBS, is chairman of the Hong Kong General Chamber of Commerce, a CPPCC member and senior adviser at EY. She has over 30 years of experience in tax and business advisory and is a keen advocate for deepening Hong Kong's international exchanges and cross-border economic cooperation, particularly within the GBA.
Agnes Sui-kuen Chan, BBS, is chairman of the Hong Kong General Chamber of Commerce, a CPPCC member and senior adviser at EY. She has over 30 years of experience in tax and business advisory and is a keen advocate for deepening Hong Kong's international exchanges and cross-border economic cooperation, particularly within the GBA.
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South China Morning Post
2 hours ago
- South China Morning Post
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Tencent Music Entertainment Group , China's largest online music platform by user count, announced on Tuesday its acquisition of audio content platform Ximalaya for about US$2.4 billion in cash and stock. The Tencent Holdings subsidiary will offer US$1.26 billion in cash and up to 5.2 per cent of its total outstanding class A ordinary shares. It will also issue up to 0.37 per cent of its shares to Ximalaya's founding investors. As part of the deal, Ximalaya will restructure certain existing businesses. The transaction is subject to regulatory approvals, including antitrust reviews. Ximalaya confirmed the merger in a notice, pledging to maintain its brand, operational autonomy, core management team and strategic direction. The company also assured business partners that existing contracts would be honoured and user rights would be protected. Tencent Music is listed in New York and Hong Kong. Photo: Shutterstock 'We believe this partnership will unlock new opportunities for Ximalaya's users, creators, employees, partners and shareholders,' the statement read.
South China Morning Post
3 hours ago
- South China Morning Post
China's film distributors pledge more imports to diversify market
China's film distributors have called for diversifying the country's cinematic offerings with more and better titles from overseas, at a time when domestic productions have seized the lion's share of the market from their imported competitors. At a work conference held by the state-owned China Film Group Corporation, as well as Huaxia Film Distribution, companies vowed to bring in 'good titles from multiple countries' to improve the number, quality and market share of foreign films, state media outlet China Film News reported on Monday. Distributors at the meeting also committed to 'leveraging imported films' positive effect of diversifying and expanding the market.' Foreign films in China have been in a 'harsh' situation this year, with box office returns lagging behind their domestic rivals, distributors said at the Friday meeting. '[We] should encourage more good international films to enter the Chinese film market,' said Mao Yu, an associate director of the Communist Party's publicity department, which oversees regulation of the film industry. China has enjoyed a strong rebound in box office revenue this year, after a brief retreat in 2024. But the growth has mostly been driven by domestic titles such as Ne Zha 2, an animated feature that has become the highest-grossing Chinese release of all time. By mid-May, 26.6 billion yuan (US$3.7 billion) in box office revenue had been recorded for 2025, more than 60 per cent of the returns for all of 2024, according to state broadcaster CCTV. Almost 96 per cent of the take was attributed to domestic titles.
The Standard
3 hours ago
- The Standard
Labubu human-sized figure sells for over 1 million yuan at Beijing auction
An auctioneer takes bids from buyers for a Labubu figurine, during an auction by Yongle International Auction in Beijing, China June 10, 2025. REUTERS
