The free-to-play business model is a rapidly growing phenomenon in the gaming world. Once quarantined to the PC and mobile, these new pricing structures are proliferating quickly, and altering expectations on even the most rigid of platforms. Consoles were once exclusively home to big-budget full-price games, and now the entire market is being turned on its head. The Xbox One is now ...
- U.S. Non-Farm Payrolls (NFP) to Expand 200+K for Eighth Time in 2014. - Jobless Rate to Hold at 5.9% for Second Consecutive Month. Trading the News: U.S. Non-Farm Payrolls The U.S. Non-Farm Payrolls (NFP) report may generate a further decline in the EUR/USD as market participants anticipate a pickup in job growth. What’s Expected: Why Is This Event Important: At the same time, Average ...
Chen Yizhou, chief executive officer of Renren, says the company is planning to sell some non-core businesses to improve their profitability and they are also considering investment and expansion opportunities in America and Hong Kong. Chen revealed during an interview with local Chinese media that under the current model it is hard for the company to make any profit. They will therefore implement ...
Xiaomi, the fast-rising Chinese smartphone maker, is in talks to raise close to $1.5 billion in new capital at a valuation set to exceed $40 billion, in the largest private financing for a venture-backed company since Facebook in 2011. Negotiations with investors including DST– the Russian internet company that also backed Alibaba, Facebook and Airbnb – are yet to be finalized, according to people familiar with the discussions. But if ...
Currencies across Asia are set for a beating, buffeted by a combination of the G3 central banks, a stronger U.S. dollar and newly volatile Chinese yuan, HSBC said. "It will be slim pickings in terms of which Asian currencies to like next year. Even the yuan will be predisposed to bouts of higher volatility, which could further upset the region's currencies," HSBC said in a note Thursday. "While we had expected most Asian ...
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