In today’s briefing:
- Ohayo Japan | Happy Holiday; Japan to Meet with SK/China
- Stellar Year for Conbini Chains
- GEMWeekly (24 May 2024): Chinese Cloud Providers Slash Prices; Alibaba, Baidu, Tencent, Samsung
Ohayo Japan | Happy Holiday; Japan to Meet with SK/China
- Leaders from South Korea, Japan, and China will hold a trilateral summit to enhance economic ties and address regional tensions
- Management buyouts (MBOs) in Japan surged to a record 1.47 trillion yen ($9.7 billion) last fiscal year
- Management buyouts (MBOs) in Japan surged to a record 1.47 trillion yen ($9.7 billion) last fiscal year
Stellar Year for Conbini Chains
- The three big convenience store chains all posted record financial results for FY2023.
- The format’s limitations were exposed by the pandemic, providing a catalyst for some major changes and prompting new and innovative marketing and support services.
- These have made the sector more robust, but whether this new surge of growth will continue in 2024 will depend on how concerned customers are with higher prices.
GEMWeekly (24 May 2024): Chinese Cloud Providers Slash Prices; Alibaba, Baidu, Tencent, Samsung
- The Global Emerging Markets Weekly summarizes the key news and related developments impacting the largest countries and constituents of the Global Emerging Markets equity indices.
- Macro data points: South Korea unveils plan to support chip manufacturers
- Companies mentioned:Alibaba Group Holding (9988 HK), Baidu (9888 HK), Tencent (700 HK), IFlytek Co Ltd A (002230 CH), Li Auto (2015 HK), Samsung Electronics (005930 KS)
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