In today’s briefing:
- China Internet Weekly (23Jan2023): Tencent, Meituan, NetEase, Activision Blizzard
- Taiwan Tech Weekly: Dutch & Japan China Restrictions End-January, Realtek Results Show Pain in PCs
- FTT Returns From the Dead
China Internet Weekly (23Jan2023): Tencent, Meituan, NetEase, Activision Blizzard
- The authorities approved three of Tencent’s games in January 2023 after five in December 2022.
- Tencent closed its XR business and terminated a property rental contract.
- NetEase refused to extend service for Activision Blizzard for additional six months.
Taiwan Tech Weekly: Dutch & Japan China Restrictions End-January, Realtek Results Show Pain in PCs
- New China semiconductor restrictions could be announced by the Netherlands and Japan by end-January.
- Realtek 4Q22 results — Signals weakness for companies serving the PC market, and could get worse in 1Q23E.
- Western Digital & Kioxia could merge NAND flash units to create a rival to Samsung.
FTT Returns From the Dead
- Price Movements: BTC gained another 10% this week despite news that Genesis had filed for bankruptcy, with a reported $5bn in liabilities.
- Market Liquidity: Trade volume on the largest Asia-based exchanges fell to multi-year lows amid a tough regulatory environment in the region.
- Derivatives: BTC open interest has dropped 25% as a short squeeze hits derivatives traders.
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