China's lottery ticket sales in August soared to their highest for any month so far this year, amid public concern about the economy following months of mostly gloomy data including youth unemployment. Nationwide lottery ticket sales jumped 53.6% in August from a year earlier to 52.96 billion yuan ($7.25 billion), the official Xinhua news agency reported on Saturday, citing data from the finance ministry. From January to August, a total of 375.76 billion yuan of lottery tickets were sold nationwide, up 51.6% from a year earlier, the data showed.
Unpacking the Risks and Rewards of Investing in Weibo Corp (WB)
The accounts of 80 popular cryptocurrency influencers, each with more than 8 million followers, have been removed from one of China's most popular social media apps, as Beijing maintains its tight grip over crypto activities. The Weibo accounts, which promoted cryptocurrencies, had breached eight regulations in China covering areas such as marketing, internet safety, telecommunications, trade and finance, Weibo Finance said in a statement on Tuesday. The Beijing-based firm said it would continue