Market research firm, IDC, forecasted that Apple (AAPL.US)'s iPhone shipments will increase by 6% YoY to 247.4 million units this year, surpassing the 236 million units record set in 2021.

IDC noted that Apple's iPhone sales are driven by the latest iPhone 17 series, and that the massive demand for iPhone 17 series in the Chinese market notably accelerated Apple's sales performance.

IDC predicted that Apple's 4Q25 iPhone shipments in Chinese will jump by 17% YoY, leading to a 3% YoY growth estimation in the market this year, compared to the earlier forecast of a 1% YoY decline.
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With the fourth batch of RMB69 billion national subsidy funds depleting, more and more regions in China are either suspending or adjusting car trade-in subsidy campaigns, according to a report by yicai.com.

As of now, incomplete statistics show that over 20 Chinese cities have already halted or tweaked applications for car trade-in subsidies.

For example, Hubei Province adjusted the issuance method of car trade-in qualification vouchers in mid-November. The vouchers are now distributed in four batches per day, with the final batch being issued on Friday (5th). Each batch ends once the vouchers are fully claimed.
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NVIDIA (NVDA.US) CEO Jensen Huang stated on Wednesday, after meeting with US President Donald Trump, that he is uncertain whether China will accept the company's H200 AI chip if the U.S. loosens sales restrictions.

Huang mentioned discussions with Trump regarding export control issues but refused to disclose specific details. Previously, U.S. government officials had discussed whether to allow NVIDIA's H200 chip sales in China.
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U.S. private enterprises unexpectedly cut 32,000 jobs in November, whereas the market had originally projected an increment of 42,000 jobs. The likelihood of the Fed cutting interest rates by 25 bps next week elevated to about 89%. Investors eyed on the U.S. economic outlook. Despite being initially dampened by Microsoft (MSFT.US), U.S. bourse rebounded to close higher on Wednesday.

The DJIA leaped 408 points or 0.9% to 47,882. The Nasdaq added 40 points or 0.2% to 23,454. The S&P 500 rose 20 points or 0.3% to 6,849.

Although Microsoft denied lowering sales quotas for AI-related software, its stock still fell off 2.5% at close. Hijacked by Microsoft, AI-related stocks subtracted, including chip manufacturer Nvidia (NVDA.US), which dipped 1%, and Broadcom (AVGO.US), which dropped 0.3%. Micron (MU.US) lost over 2%.

Warner Bros. Discovery (WBD.US) reportedly received an almost all-cash acquisition offer from Netflix (NFLX.US), causing the latter's stock to slip nearly 5%.
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Tesla (TSLA.US) has released footage on social platform X, demonstrating the humanoid robot Optimus's ability to run smoothly in a laboratory.

At the November shareholder meeting, the company stated that it has a production line in Fremont, with a goal to produce 1 million units of Optimus by the end of next year, with costs kept under US$20,000 per unit.

The company plans to set up a new production line in Texas with an annual capacity of up to 10 million units.
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While in negotiations to acquire Warner Bros Discovery (WBD.US)'s production studios and streaming media division, Netflix (NFLX.US) expects to lower streaming platform fees with a bundle including both Netflix and HBO Max, Reuters reported, citing sources.

Sources disclosed that Netflix aims to alleviate regulatory concerns that merging two major streaming platforms might reduce consumer choice and lift prices. However, the potential merger is unlikely to markedly expand market share, given that the vast majority of HBO Max users have also subscribed to Netflix.
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Prestigious Recognition Affirms NagaCorp's Leadership as a Premier Employer and Key Contributor to Cambodia's Development

HONG KONG, Dec. 3, 2025 /PRNewswire/ -- NagaCorp Ltd. ("NagaCorp" or the "Company", SEHK Stock Code: 3918), a leading Integrated Resort operator in the Mekong Region, today announced its prestigious inclusion on the inaugural Fortune 100 Best Companies to Work For™ Southeast Asia list. Ranked number 46, NagaCorp stands as a leading Cambodian company on this prestigious roster, which recognises exemplary workplace cultures across the region. This achievement places NagaCorp alongside global industry leaders such as Hilton Worldwide Holdings and Marriott International.

Making its debut in 2025, the prestigious list by Fortune in partnership with Great Place To Work^®, the global authority on workplace culture, is based primarily on confidential employee feedback. This external validation follows NagaCorp's subsidiary, NagaWorld Limited ("NagaWorld") earning its Great Place To Work^® Certification™ in August 2025, where employees awarded the Company a near-perfect 95% Trust Index™ score.

"To be recognised first by Great Place to Work^® and now by Fortune as among the 100 best companies to work for in Southeast Asia is a humbling recognition by the leading authorities of workplace culture. This is a tremendous achievement and our appreciation goes to Great Place to Work^® and Fortune for recognising the growth of excellent workplace culture in fast emerging Cambodia; to each member of our Naga family this tremendous achievement is an acknowledgement of your hunger for growth and excellence in all your professional and personal endeavours, this distinction belongs to each of you", said Mr. Chen Yiy Fon, Chief Executive Officer & Executive Director of NagaCorp. "As one of Cambodia's earliest and largest foreign direct investors, we have been fortunate to serve a leading role in developing the nation's corporate and economic landscape for thirty years now and counting. By adopting high standards in corporate governance, ethical business and workplace practices, human resource engagement, sustainability and corporate social responsibility, we have been able to inculcate and grow a company culture that is compatible to contribute to this fast-emerging economy. This long-term vision is a cornerstone of our contribution to nation building, creating thousands of quality jobs, fostering a diverse and inclusive workforce, and enhancing Cambodia's appeal on the global stage as an attractive investment destination."

The Fortune recognition highlights NagaCorp's strategic focus on its people, the local communities, and the broader Cambodian society, which serves as the foundation for its operational excellence and social impact. Key pillars of this strategy include:

• Upholding the Highest Standards of Corporate Governance: The Company maintains a rigorous Code of Conduct and Anti-Corruption Policy, committing to high ethical standards. It upholds a robust Anti-Money Laundering framework, with independent reviews, staff training, and strict internal controls. Continuous transparency and accountability have gained trust among shareholders, regulators, and foreign investors.
• Investment in Local Communities: Through its "NagaWorld Kind Hearts" CSR initiative, the Company has organised over 1,160 community activities since 2014, with employees contributing more than 58,000 volunteer hours to benefit nearly 900,000 Cambodians.
• Championing Youth Education: Initiatives have reached over 160 schools and NGOs, distributing over 180,000 school materials and 230 computer sets, collectively equipping more than 240,000 students for future success.
• Advancing Environmental Sustainability: Long-term commitment to supporting Cambodia's climate goals and nurturing a greener future. Employee-driven programmes, like the "Green Cambodia: Tree Planting Programme" launched in 2018 have resulted in the planting of over 32,000 tree saplings across 11 provinces and 35 environmental workshops for 64 schools and NGOs.
• Championing Cambodian Cultural Heritage and National Pride: For its 30th anniversary, NagaWorld organised a month-long series of 28 events that served a dual purpose: engaging over 180,000 citizens in community development (themes: Country, Education, Healthcare, Environment, Community) and promoting Cambodia as a tourism destination by showcasing its cultural heritage to over 7,000 guests.

# # #

ABOUT NAGACORP LTD.

NagaCorp Ltd. has been listed on The Hong Kong Stock Exchange since October 2006 (SEHK stock code: 3918). Established in 1995, NagaCorp's wholly owned subsidiary NagaWorld Ltd. owns, manages and operates the only world-class integrated entertainment and leisure complex in Phnom Penh, the capital of the Kingdom of Cambodia. It owns a casino license valid for 70 years, and exclusive gaming rights for a period of 51 years (1995-2045). NagaCorp was selected for inclusion in the Hang Seng Foreign Companies Composite Index launched on 5 September 2011. On 10 September 2018, the Group was included as a constituent of the Hang Seng Composite Large Cap & Mid Cap Index.  On 13 March 2023, the Group was listed as one of the eligible securities for Southbound Trading under Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect.

Learn more at nagacorp.com and follow NagaCorp on LinkedIn.

ABOUT FORTUNE

Fortune is a global multi-platform media company built on a legacy of trusted, award-winning reporting and information for those who want to make business better. Independently owned, Fortune tells the stories of the world's biggest companies and their leaders as well as a new generation of innovators who are moving business forward. Digitally and in print, Fortune measures corporate performance through rigorous benchmarks, and holds companies accountable, in regions around the world. Its iconic rankings include Fortune 500, Fortune Global 500, Most Powerful Women, and World's Most Admired Companies. Fortune builds world-class communities by convening industry thought leaders for exclusive summits and conferences, including the Fortune Global Forum, Brainstorm Tech, and Fortune Most Powerful Women. For more information, visit fortune.com.

權威認可肯定金界控股作為頂尖僱主的領先地位以及對柬埔寨發展的關鍵貢獻

香港2025年12月3日 /美通社/ -- 湄公河區域領先的綜合式娛樂度假村營運商金界控股有限公司（「金界控股」或「本公司」，港交所股份代號：3918）欣然宣佈，榮登首屆《財富》「東南亞百大最佳僱主™」榜單。金界控股在榜單上排名第46位，作為柬埔寨的領先企業，躋身此項表彰地區內模範職場文化的權威名冊。此項成就使金界控股與希爾頓全球酒店集團及萬豪國際等全球行業領袖並列。

此權威榜單由《財富》與全球職場文化權威機構Great Place To Work^®合作編制，於2025年首次發布，主要根據員工的保密反饋編製。此項外部認可，建基於金界控股的附屬公司NagaWorld Limited（「金界娛樂城」）於2025年8月榮獲Great Place To Work^®認證™，當時員工給予公司近乎滿分的95%信任指數™評分。

金界控股行政總裁兼執行董事曾羽鋒先生表示：「能夠先後獲得Great Place to Work^®及《財富》的認可，躋身東南亞百大最佳僱主之列，是來自頂尖職場文化權威一份令人謙遜的認可。這是一項非凡的成就，我們感謝Great Place to Work^®和《財富》對柬埔寨這個快速新興經濟體中卓越職場文化發展的肯定。對於我們金界大家庭的每一位成員而言，這項非凡的成就，是對你們在所有專業和個人追求中對成長和卓越的熱切追求的肯定，這份殊榮屬於你們每一位。作為柬埔寨最早及最大的外國直接投資者之一，我們有幸在過去三十年來，於發展國家企業及經濟格局方面發揮領導作用。透過在企業管治、商業道德及職場實踐、人力資源參與、可持續發展和企業社會責任方面採納高標準，我們得以培養出能為這個快速新興經濟體作出貢獻的企業文化。這份長遠願景是我們對國家建設貢獻的基石，為當地創造了數以千計的優質就業機會，培養了多元共融的勞動力，並增強了柬埔寨作為一個具吸引力的投資目的地，在全球舞台上的吸引力。」

《財富》的認可凸顯金界控股對其員工、當地社區及廣大柬埔寨社會的策略式重視，這正是其卓越營運及社會影響力的基礎。此策略的關鍵支柱包括：

• 恪守最高標準的企業管治：公司維持嚴格的《行為準則》和《反腐敗政策》，致力於崇高的道德標準；並堅守穩健的《反洗錢》框架，包括獨立審查、員工培訓和嚴格的內部監控。持續的透明度和問責制度，贏得了股東、監管機構和外國投資者的信任。
• 投資當地社區：自2014年以來，公司透過其企業社會責任倡議「NagaWorld Kind Hearts」，已組織超過1,160項社區活動，員工貢獻超過58,000個志願服務時數，惠及近900,000名柬埔寨民眾。
• 支持青年教育：相關舉措已覆蓋超過160所學校和非政府組織，派發了逾180,000份學習材料和230套電腦設備，總共為超過240,000名學生的未來成功裝備自己。
• 推動環境可持續發展：長期致力於支持柬埔寨的氣候目標及建設綠色未來。由員工驅動的項目，如2018年啟動的「綠色柬埔寨：植樹計劃」，已在11個省份種植超過32,000棵樹苗，並為64所學校及非政府組織舉辦35場環保工作坊。
• 弘揚柬埔寨文化遺產與民族自豪感：金界娛樂城為慶祝成立30週年，舉辦為期一個月、共28場的系列活動，旨在實現雙重目標：讓超過180,000名市民參與社區發展（主題包括：國家、教育、醫療、環境、社區），並透過向逾7,000名賓客展示柬埔寨的文化遺產，推廣該國作為旅遊目的地。

關於金界控股有限公司

金界控股有限公司於二零零六年十月在香港聯合交易所上市（港交所股份代號︰3918）。金界控股的全資附屬公司NagaWorld Ltd.成立於一九九五年，擁有、管理並經營柬埔寨王國首都金邊市唯一的一座世界級綜合娛樂及休閒綜合設施，持有為期70年的賭場牌照，並擁有為期51年的賭場獨家經營權（一九九五年至二零四五年）。金界控股有限公司獲納入於二零一一年九月五日推出的恒生外國公司綜合指數及恒生環球綜合指數。於二零一八年九月十日，本集團獲納入恒生綜合大中型股指數成份股。於二零二三年三月十三日，本集團被列入成爲滬港通及深港通下港股通合資格證券之一。

更多資訊，請瀏覽nagacorp.com 及在 LinkedIn 上關注金界控股有限公司。

關於《財富》

《財富》是全球多平台媒體企業，致力為希望更佳業務的人士，提供可靠兼屢獲殊榮的報道和資料。《財富》是獨立擁有的，講述全球最大企業及其領導人，以及推動商業發展新一代創新者的故事。《財富》雜誌數碼版和印刷版，均透過嚴格基準來衡量全球各地企業業績，並要求企業承擔責任。該雜誌的經典排名包括「財富 500 強」、「財富全球 500 強」、「全球最具影響力女性」，以及「全球最受人尊敬公司」。《財富》雜誌透過號召業界思想領袖，舉辦專屬高峰會和會議，而建立世界級社群，當中包括《財富》全球論壇、腦力激盪科技會及財富最具影響力女性等活動。欲了解詳情，請瀏覽 fortune.com。

International market research agency, Omdia, recently released data for 3Q25 regarding mainland China's tablet market.

The tablet market continued to maintain strong momentum, with shipments growing 9% YoY to 8.8 million units, although there is a noticeable change in the leading brand landscape.

In 3Q25, Apple's iPad shipments fell sharply by 14% YoY to 2 million units, with its market share shrinking from 29% in the same period last year to 23%.

Lenovo topped the single-quarter growth chart with a 71% YoY increase, catching up Xiaomi's shipments at 900,000 units, and its market share rose from 6% to 10%.
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NVIDIA (NVDA.US) CFO Colette Kress, at the UBS Global Tech and AI Conference, negated claims that competitors are catching up with NVIDIA and emphasized that the AI economy is not in a bubble, foreign media reported.

She told analysts present at the conference that the economy is in the early stages of transitioning to the infrastructure needed for AI-driven data centers, reiterating the company's forecast of global AI infrastructure investment reaching US$3-4 trillion by 2030.
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