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On August 13th, Sensor Towers store intelligence platform revealed that in July 2026, 38 Chinese companies were among the top 100 global mobile game publishers by revenue, generating a total of $2.3 billion, accounting for 42.6% of the total revenue of the top 100 global mobile game publishers. In July, the top 5 Chinese mobile game publishers all generated over $100 million in revenue, with Tencent, NetEase, and miHoYo achieving double-digit growth. miHoYos revenue saw a significant month-on-month increase of 71%, ranking among the top 30 publishers in terms of growth rate. Several other publishers, including Moonton Technology, XD Inc., and ModoGlobal, also saw significant revenue growth driven by summer content and events.Lenovo CEO: We are becoming a global leader in artificial intelligence infrastructure.Lenovo CEO: In partnership with NVIDIA (NVDA.O), plans are in place to launch an AI PC powered by an RTX chip later this year.On August 13th, it was learned from a press conference held by the Jinan Municipal Information Office that in the first half of the year, the added value of Jinans financial industry reached 77.53 billion yuan, a year-on-year increase of 14.7%, accounting for 11% of the citys GDP. As of the end of June, Jinans total social financing balance was 5.63 trillion yuan, a year-on-year increase of 8.6%; the balance of domestic and foreign currency deposits was 3.4 trillion yuan, a year-on-year increase of 5.8%; and the balance of domestic and foreign currency loans was 3.67 trillion yuan, a year-on-year increase of 8%.On August 13th, the Beijing Equity Exchange (BEEE) reported significant achievements in revitalizing existing assets and maximizing asset value by focusing on key areas and priorities for various business entities to revitalize their assets through a "platform + investment banking" transaction ecosystem. To better serve various business entities in revitalizing their existing assets, BEEE recently launched a "Prestigious Asset Revitalization Service Column." This column focuses on the efficient revitalization and value enhancement of existing assets, covering 14 areas including equity and debt transfers, real estate and land transfers and leases, and the disposal of machinery, equipment, and idle assets. Leveraging years of professional service capabilities and extensive experience, BEEE provides a one-stop, full-process service for existing asset revitalization, including advisory services, asset valuation, due diligence, promotion, transaction matching, and financial services. This significantly improves transaction efficiency, reduces transaction costs, and empowers the efficient revitalization of existing assets.

Gold Applauds Dollar's Weakness, But Anticipates Sixth Straight Month of Declines

Charlie Brooks

Sep 30, 2022 10:49

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Gold prices rose little on Friday as dollar pressure eased further, but remained poised for a sixth straight month of falls as rising interest rates had a significant impact on the outlook for the yellow metal.


As a result of a series of hawkish U.S. acts and statements, it was anticipated that the price of bullion would decline by around 3 percent in September. Federal Reserve. Earlier this month, the dollar's climb to 20-year highs also placed pressure on gold.


This week, though, the dollar's weakening aided gold's small rebound from two-year lows. As a result of widespread profit-taking, the U.S. dollar fell 0.7% on Thursday and is forecast to lose 1.3% over the course of the week.


Gold prices on the spot market rose 0.1% to $1,662.86 per ounce by 19:30 EST, while gold futures rose 0.2% to $1,671.20 per ounce (23:30 GMT). The price of gold was anticipated to grow by 1.2% this week.


However, the yellow metal remained under pressure as U.S. interest rates continued to rise. The yield on the 10-year Treasury note has maintained at its 12-year high. This year, rising yields have reduced the allure of gold by increasing the opportunity cost of holding the non-yielding asset.


Multiple Fed officials repeated this week their intention to continue rising interest rates, which is expected to keep gold prices subdued for the remainder of the year. As global economic conditions deteriorate, though, gold could regain some of its safe-haven appeal.


Copper prices were headed for their first weekly increase in three weeks as a result of the dollar's depreciation.


Copper futures rose 0.2% to $3.4335 per pound and 2.6% over the past week.


As a result of weak global economic development, the forecast for copper consumption was anticipated to deteriorate significantly in September.


Currently, the market is focused on Chinese manufacturing activity data due later today. It is projected that factory activity in the largest copper importer in the world has fallen for the third consecutive month.


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