Global blockchain interest has plummeted by 58% in three years, with industry attention increasingly shifting toward AI advancements. According to data from Google Trends, blockchain interest has …
BUSINESS
Chairman of Uniqlo’s parent company stresses China’s importance, setting it apart from decoupling from China
Fast Retailing Co, the Japanese company behind global clothing retailer Uniqlo, will continue to invest in China and “China’s importance has not changed,” said Chairman and CEO Tadashi Yanai, …
UK needs to develop China capabilities, says business leader
The United Kingdom needs to strengthen its “China capabilities” to increase awareness of China today, John McLean, chairman of the China UK Business Development Centre, has said.
How China’s smaller private firms may be paying the price for huge local government debts
Recent trials have compounded concerns about unduly harsh legal action targeting businesses in other regions to ease the local debt situation Private firms in China are in a “precarious” situation as …
China’s booming gray markets add woes to luxury brands
SHANGHAI >> China’s second-hand and gray markets for luxury goods are booming, as price hikes from luxury brands in a weak economy are prompting some shoppers to look for cheaper ways to buy them, …
Entrepreneurs ride the wave of modernisation in China
After spending eight years making rechargeable batteries, he ventured into car making in 2003. In less than five years, BYD introduced the world’s first …
GlobalFoundries fined $500,000 for restricted chip exports to Chinese firm on U.S. entity list — chipmaker shipped $17 million worth of silicon wafers to China’s SJ …
GlobalFoundries is said to have shipped 74 orders, totaling $17.1 million, to SJ Semiconductor, a SMIC affiliate, without obtaining the required license.
Shein touted as model unicorn in China’s ‘new quality productive force’ push, IPO unclear
Shein, which sells budget clothing to a global customer base, was praised by state media for its contribution to industry upgrading State-owned media has highlighted Shein, the China-founded …
Maersk saw strong demand in Q3 driven by China, Southeast Asia exports
COPENHAGEN (Reuters) -Shipping company Maersk said on Thursday it saw strong demand in the third quarter especially driven by exports out of China and Southeast Asia while the global supply chain …
China’s EV Makers Set Sights on Latin America in Global Expansion
Brazil is now the biggest overseas market for BYD as China pushes out Western carmakers from America’s backyard.
Polestar delivers brand’s first EVs not made in China
In addition to more stringent sourcing requirements, new “foreign entity of concern” language disqualifies subsidiary companies if a “parent entity” in China, Russia, Iran, or North Korea holds more …
Bringing Back Baile: The Craftsman Trying to Revive One of China’s Most Storied Brands
Nearly 50 years ago, Shen Jian got a job making Baile-brand accordions at the Shanghai Accordion Factory. The factory is long gone — closed during a round of state-owned enterprise consolidation in …
U.S. Finalizes Outbound Investment Rule Targeting Business With China
Restrictions on investments by U.S. companies in China’s tech sector have been confirmed and will go into force early in 2025.
