HONG KONG (Reuters Breakingviews) - The global $1 billion competitive video-game market will reach a new level in 2019. Viewership for e-sports tournaments already surpasses that of the Major League Baseball in the United States. China’s gaming titan Tencent will emerge victorious in the People’s Republic – a key e-sports battleground of some 450 million gamers. This will propel the company’s overseas expansion.
HONG KONG (Reuters Breakingviews) - Asia’s glamazons can apply a dash of Western colour. Johnson & Johnson, L’Oreal and other giants have splashed out on cutting-edge cosmetics in Japan and Korea, seeking clout and innovation. Yet local beauty brands like Shiseido and snail mask supremo Amorepacific have room to grow too: they can reverse the trend.
HONG KONG (Reuters Breakingviews) - A Chinese company is looking beyond trash for treasure. Nasdaq-listed Yulong Eco-Materials, which recycles bricks and concrete, has decided to become an art investor instead. It just acquired Michelangelo's "Crucifixion" for $75 million after restructuring its business model last month by offloading the waste hauling operation to some of its directors and issuing stock to buy a rare sapphire. It’s a risky form of creative destruction.
HONG KONG (Reuters Breakingviews) - These days, the innovation known as blockchain is almost always mentioned in association with two things. First, as the technology that underpins bitcoin, and second as the brainchild of Satoshi Nakamoto, the anonymous person – or persons – who issued the white paper that supposedly spawned the crypto-currency.