Chinese e-commerce giant JD.com plans to open retail grocery stores through the merger of its 7Fresh supermarket unit with other business lines such as its group-buying arm Pinpin, a company …
Tagged By business
China Contends With Weakened Putin After Wagner Mutiny
A once-in-a-generation security crisis in Russia compounded fears in Beijing that a strategic partner central to its global ambitions is not as stable as it hoped, analysts say.
China Smartphone Shipments Back to Double-Digit Growth in May
China’s smartphone shipments jumped 22.6% in May, accelerating sharply from previous months in a positive sign for the country’s struggling mobile device industry.
Hong Kong customs makes record HK$1.5 billion seizure of smuggled goods, mostly electronics, bound for mainland China via Singapore
Haul comprises HK$1.2 billion worth of integrated circuits, HK$230 million in used electronics, wine and dried seafood.
US record imports from China in 2020, despite Trump administration’s tariffs
Despite the Trump administration’s tariffs on Chinese goods and the ongoing COVID-19 pandemic, U.S. imports from China are surging as the year 2020 draws to a close, The New York Times reported.
China’s Copper Anode Imports Rose Slightly In April And Are Expected To Continue To Increase in May-June
China’s imports of copper anode stood at 84,900 mt in April 2023, up 5.5% month-on-month but down 14.7% year-on-year. Imports from January to April 2023 totalled 374,300 mt, down 15.95% YoY.
Crypto Week Ahead: All Eyes On Bitcoin’s Latest Price Rally
DeFi’s total volume stands at $3.37 billion, at 10.54 percent of the total market 24-hour volume. In the case of stablecoins, the overall volume stands at $28.7 billion, at 89.81 percent of the total …
Chinese Manufacturers’ Dominance Fades As Locally Produced Wearables Conquer Indian Market
They are doing this through Indian electronics contract manufacturers like Dixon Technologies and Optiemus Electronics. Gizmore’s CEO, Sanjay Kalirona said that the shift in wearables assembly from …
Has Hermès gone too far with its exclusive sales tactics? Customers reportedly spend over US$10,000 on accessories just to join a Birkin, Kelly or Constance waiting list …
Customers must reportedly spend thousands on other HermEs products before earning the privilege to buy a bag, with dissatisfaction leading to the #HermEsgame tag on TikTok The practice, dubbed ‘pei …
Tech firms look to India as China manufacturing alternative — if it can overcome challenges, expert says
India faces a challenge to improve infrastructure to continue handling the incredible demand for its manufacturing as the government continues to broker lucrative deals.
Two more China developers say they can’t meet debt obligations
Chinese developers’ unprecedented cash crunch has resulted in record bond defaults and missed payments. Read more at straitstimes.com.
Oppo chip design failure casts shade over Chinese brand firms’ chip pursuit
Oppo’s IC design team, Zeku, abruptly ceased operations, shocking the semiconductor industry. There are rumors that, with the exception of Oppo’s top executives, the Zeku team did not receive any …
Int’l winemakers tipsy on China market opportunities
Visitors taste wine during the International Conference on Grape and Wine Industries and the third China (Ningxia) International Wine Culture and Tourism Expo in Yinchuan, Ningxia Hui autonomous …
