Have you ever got time off to play your favourite game?

No? Bummer…

Because employers in China are giving their employees up to 1 day off to play the new launch of China’s first blockbuster video game, Black Myth: Wukong!

But the main takeaway is that this game, being China’s first AAA game (i.e. high-budget, high-profile title), is made by Game Science, a Tencent-backed startup.

This potentially marks a strategic turnaround for China’s gaming industry and Chinese game developers seem to be hurtling forward.

A quick search shows that Tencent and NetEase are still the big boys in this arena but who knows… the next game can literally changes everything…

And before we continue with the juicy stuff, do help to click on the ad below to support us. One click = 1 cup of ☕ 

Many Thanks & Let’s Go!

Big Hits [U.S.] 📉

Here are the news that shocked the world…

U.S. interest rate cuts ahead: Federal Reserve chairman, Jerome Powell has this to say, “The time has come for policy to adjust”. [Read More]

Peloton shares up by 35%: After 9 quarters of sluggish sales, Peloton, the connected fitness company, finally posted a positive growth in its revenue while its losses also narrowed. [Read More]

GM layoffs: General Motors is planning to layoff more than 1,000 of its employees in the software and services divisions, which represents about 1.3% of its global workforce of 76,000. [Read More]

EU slashes tariffs on Tesla: The European Union has cut planned tariffs on Tesla’s vehicles imported from China to 9% from 20.8% previously after CEO Elon Musk requested that the tariffs be recalculated. [Read More]

Covid is back: After a spike in Covid-19 cases in the summer season, the Food and Drug Administration (FDA) approved the updated Covid-19 vaccine from Pfizer and Moderna. [Read More]

Big Hits [Asia] 📊

Here are the news covering the Asia market…

Shein and Temu face-off: Fast-fashion giant Shein has initiated a lawsuit against e-commerce giant Temu for copyright infringement, and accused it of stealing designs and trade secrets. Meanwhile, last year, Temu sued Shein for copyright concerns also and ‘mafia-like intimidation of suppliers’. [Read More]

K7-Eleven Takeover: 7-Eleven had just received a takeover offer from Canada’s Alimentation Couche-Tard which operates Circle K, which will put the value of 7-Eleven at US$38 billion. [Read More]

Walmart to sell JD’s stake: Walmart has confirmed that it will sell its stake in JD to focus on its Walmart China and Sam’s Club operations in China. Walmart currently holds about 9.4% of JD. [Read More]

Keppel Corp signs S$1.0 billion tie-up: Keppel, Asian Development Bank and EnterpriseSG have signed a Memorandum of Understanding (MOU) to explore SG$1.0 billion worth of energy transition, environmental sustainability, and blended finance opportunities in Asia Pacific. [Read More]

SATS back in the black: SATS Group reverses into a profit of SG$65 million in 1Q 2025 from a loss of SG$29.9 million last year. [Read More]   

Alibaba open up to China’s 200 mil investors: Alibaba said it would upgrade its Hong Kong-listed shares to primary status, opening it up to China’s huge army of investors that could potentially rake in billions of dollars for the firm. [Read More]

Analyst Reports 📝

See below for our handpicked analyst reports:

Editor’s Stock Pick* 🎲

If you have seen my Youtube video recently, I highlighted 7 stocks from Forbes Best under a Billion list.

And I also mentioned that I am going to pick one of them as ‘Stock Idea of the Week’.

So this stock is none other than… drumroll… Credit Bureau Asia.

Credit Bureau Asia (CBA) stands out as a compelling investment opportunity due to its dominant position in the credit and risk information solutions industry across Southeast Asia (wide economic moat).

As a market leader in Singapore, CBA benefits from the increasing demand for credit information services, driven by the region's growing financial services sector and the ongoing digitalization trend (all SG digital banks have joined CBA too!).

The company's established relationships with key financial institutions and regulatory bodies further solidify its competitive moat, providing it with a stable and recurring revenue stream.

The company’s healthy c.20% profit margins reflects its strong market positioning, with double-digit revenue and profit growth in 1H2024 (see below).

CBA’s asset-light business model allows it to maintain high returns on equity, making it an attractive option for investors seeking steady capital appreciation.

Additionally, CBA has a robust balance sheet with minimal debt, which enhances its financial resilience and provides flexibility for potential expansion into new markets or strategic acquisitions that could further drive growth.

Moreover, the company's expansion into new markets in Southeast Asia offers significant growth potential.

As per the press release:

*Disclaimer: This information is for general informational purposes only and does not constitute financial advice. Investors should conduct their own due diligence before making any investment decisions.

P.S. We will convert this ‘Editor’s Stock Pick’ section into a membership-exclusive very soon… stay tuned for our membership launch!

Meme of the Week 😂 

Many people fear the green bird from Duolingo.

It haunts you with notifications that you have missed your Spanish lesson today.

And if you ignore these notifications consistently, this will happen…

But it is exactly these types of gamification messages that have got more people to use Duolingo.

Now, it’s a US$7.7 billion company with about 60% global market share 😮

Interested to see the economics of Duolingo? Watch this video.