US investors are facing the growing risk of losing out on Shein’s potentially huge initial public offering, as the fast-fashion giant with Chinese roots considers holding it in London instead.
BUSINESS
AMD Will Reportedly Need Export License for AI Chips Aimed for China
Key Takeaways Advanced Micro Devices reportedly failed to make the artificial intelligence chip it tailored for the Chinese market weak enough to be sold without a license from the Commerce Department …
Chinese fast fashion brand Shein could have its wings clipped before it IPOs as France mulls 50% tariff and U.K. retailers call for closure of tax loophole
French lawmakers want to tax fast fashion’s environmental harms, while U.K. retailers want the government to close Shein’s parcel loophole.
AMD hits US roadblock in selling AI chip tailored for China, Bloomberg News reports
Advanced Micro Devices has hit a U.S. government roadblock in its efforts to sell an AI chip tailored for the Chinese market, as Washington cracks down on the export of advanced technologies to …
Chinese EV maker Aiways talking to investors for export-only approach
Chinese electric vehicle maker Aiways is in talks with investors to restart production of its existing models and develop a new, affordable car as it focuses on becoming an export-only brand, a …
AMD Hits US Roadblock in Selling AI Chip Tailored for China
Advanced Micro Devices Inc. hit a US government roadblock in attempting to sell an artificial intelligence chip tailored for the Chinese market, according to people familiar with the matter, part of …
China’s EV bosses take spotlight at political meeting as priorities shift
Chinese electric vehicle makers made a strong showing at the start of the country’s annual parliamentary meeting on Tuesday, bolstered by official recognition of their growing clout on the world stage …
Cryptocurrency: game-changing blockchain will need shrewd regulation to protect consumers, says Franklin Templeton boss
Blockchain is shaking up the financial sector and, given the popularity of bitcoin exchange-traded funds, regulators will need to step up their game when it comes to consumer protection and oversight, …
Apple drops to fourth place in China’s smartphone sales
Counterpoint publishes comparative figures of the growth or decline of individual brands within China, but that’s a nonsense. It shows Huawei growing by 64%, while Apple dropped a huge 24%, but the …
Apple iPhone sales plunge 24% in China as Huawei smartphone business resurges, report says
Analyst firm Counterpoint Research said in a note Tuesday that iPhone sales plunged 24% in the period, as Apple faced stiff competition from local smartphone firms. Several rival Chinese smartphone …
China Sets Robust Economic Growth Goal but No Big Stimulus
Premier Li Qiang targets growth of about 5 percent this year but signals continued reluctance to use deficit spending for economic stimulus.
China raises defense budget by 7.2% as it pushes for global heft and regional tensions continue
While the U.S. defense budget has declined to about 12% of government spending, the proportion China spends remains obscure because of the many civilian-military collaboration projects it runs, from …
China’s 5% GDP goal is ‘attainable’ but it won’t be easy, says Hong Kong’s financial secretary
highlighting bright spots in China’s export sector and domestic consumption. “ASEAN in particular is growing very fast, and the population is young. So this represents also a huge market for China’s …
