Asian Economic Weekly-25.03.13 274m1

1. Hong Kong stocks surged as tech sector led gains following breakthroughs in Chinese AI technology. 2. India's SENSEX fell over 10% from 2024 peak due to economic concerns and Trump's tariff threats. 3. Vietnam's stock market rose 5.01% in early 2025, anticipating emerging market status. 4. Cosmetics counters are vanishing from mall first floors, with numbers dropping 37% since 2019. 5. China's office vacancy rates hit record highs, reaching 38.2% in Wuhan due to oversupply. 6. Shopping center vacancy rates across 27 Chinese cities reached four-year highs in 2024. 7. China's real estate market expected to stabilize in 2025 with policy after 2024 adjustment. 8. De Beers suffered $2.9 billion writedown as value dropped from $8.5B to $4B on weak Chinese demand. 9. Pandora reported 13% revenue growth while Chinese sales declined 21% against global trends. 10.Tencent's investment in Old Shop Gold yielded 15-fold returns since its 2024 IPO. 11.NPC representative proposed modifying jewelry consumption tax to reduce industry burdens. 12.Temple-related cultural products saw 310% year-on-year growth, popular among younger generations. 13.E-commerce appliances show high failure rates: 72.3% for TVs and 48.38% for water heaters. 14.Meituan's Flash Warehouse achieved 5 million daily orders in the instant retail market. 15.Dingdong Maicai reported 18.4% GMV growth and sixfold increase in Q42024 profit. 16.Tencent spent 281 million yuan in 27 days promoting itsAI-integrated Yuanbao App. 17.AI tool Manus gained popularity despite reliability concerns and commercial viability questions. 18.Trump istration is in talks with four different groupsregarding TikTok's acquisition. 6u293i