This is textbook credit bubble: too much money and not enough investments. Chinese companies with no experience in technology, such as chemical and poultry producers, are buying up online games, apps and media properties.
Read the whole thing.
Bloomberg: Why Did a Chinese Peroxide Company Pay $1 Billion for a Talking Cat?
RBA oil tanker swings dovish
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The Reserve Bank of Australia (RBA) has released its March Monetary Policy
Decision, which, as expected, kept the official cash rate (OCR) on hold at
4.3...
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