Temu and Shein face massive tariffs but remain strong contenders in the U.S. e-commerce market, experts say
China-based Temu and Shein, two of the most disruptive new entrants in recent U.S. e-commerce history, are preparing for a whiplash-inducing reversal on their home courts. The Trump administration plans…
India Concerned Over Chinese ‘Dumping’ Amid Escalating Trade Tensions
India’s government must contend with a large and growing trade deficit. As a consequence their trade deficit with China has just rocketed to an eye-popping $100 billion (£75 billion). This…
DoorDash to Acquire Deliveroo for $3.9 Billion in Global Expansion
British rival and fellow food delivery giant Deliveroo got its own surprise takeover offer on Friday from American rival DoorDash. This historic agreement is worth $3.9 billion. This strategic partnership…
EU Hits TikTok With $600M Fine Over China Data Transfers
TikTok has been fined $600 million (530 million euros) by European regulators after a four-year investigation revealed that the app’s data transfers to China put its users at risk of…
China’s Xpeng Hits Milestone with Over 30,000 Vehicle Deliveries for Sixth Straight Month
Just the month before, in April, Xpeng Motors set a new precedent by delivering 35,045 vehicles. It’s their sixth month in a row of over 30,000 deliveries. This new milestone…
China shifts focus beyond U.S. in defiant response to Trump’s policies
Yiwu, a city in the Zhejiang province on China’s eastern coast, has turned into an essential link for worldwide exchange. It’s most infamous for its overwhelming number of lobbyists in…
Australian PM Rejects Concerns Over Impact of Election Spending on AAA Rating
Australian Prime Minister Anthony Albanese has dismissed concerns that his election spending promises could jeopardize the country’s prized AAA sovereign credit rating. His comments come after analysts at S&P Global…
Chinese Factories Shift Focus and Explore New Markets Amid Rising U.S. Tariffs
Chinese producers are responding to an increasingly difficult economic environment as U.S. tariffs continue to increase. Firms such as Woodswool had traditionally depended a lot on exporting to the USA.…
India Tightens Grip on Cryptocurrency as Major Exchanges Face Challenges
India’s cryptocurrency regulatory climate is still in flux and remains a huge hurdle for domestic exchanges and their customers. The Indian government has previously taken a hardline position toward cryptocurrencies…
Apple May Relocate All US iPhone Production to India by 2026
Apple Inc. is taking a very high-profile step to alter its manufacturing strategy. They are moving some of their core iPhone production from China to India. This transition is bound…
China and Canada Discuss Joint Resistance to U.S. “Bullying” on Tariffs
China’s ambassador to Canada, Wang Di, has proposed a partnership between Beijing and Ottawa aimed at resisting American “bullying” and pushing back against U.S. tariffs. Wang suggested that both countries…
Bluesky Faces Government Censorship Pressure but Third-Party Apps Remain Unaffected
Bluesky, the decentralized social media platform developed on top of the AT Protocol, has responded by limiting access to 72 accounts within Turkey. Notably, this move was made at the…
Trump Signals Potential Reduction of China Tariffs, No Plans to Fire Fed Chair
Donald Trump escalated his attacks on the cliche Federal Reserve Chair Jerome Powell. He referred to Powell as “a big loser” as interest rate fears rise. For his part, Trump…
Chinese AI Video Startup Censors Politically Sensitive Images
Recently, China-based startup Sand AI released its new video-generating artificial intelligence model Magi-1. This cutting-edge model goes a step further by “autoregressively” predicting sequences of frames, giving it the ability…
Nintendo Switch 2 Pro Controller Improves One of the Original’s Biggest Issues
Nintendo has confirmed the technical specifications for the new Switch 2 Pro Controller, introduced alongside the Switch 2 console in early April. While the company revealed a new controller for…
China Holds Key Lending Rates to Stabilize Yuan Amid Strong Economic Data
China’s recent economic indicators paint a murky picture as the country adjusts to external pressures caused by the trade war with the United States. Those recent growth numbers may sound…
US and Iran show hope after second round of nuclear negotiations
US Special Envoy Steve Witkoff headed up those high-profile talks in Rome to put a renewed focus on Iran’s nuclear program and deal with the resulting fallout. Tensions were high…
Nintendo Announces Switch 2 Preorders for April 24, Cites Potential Price Hikes
Mark your calendars for next Thursday, April 24, as Nintendo will finally begin taking preorders for the highly anticipated Switch 2 after delays caused by tariff-related uncertainties. The good news…
Taobao Joins DHgate in Top 5 of U.S. App Store
The Chinese e-commerce marketplace app Taobao continues to make big waves in the U.S. App Store. On Saturday, it rocketed all the way to No. 2 in the Top Overall,…
China Criticizes Countries Seeking to Please the U.S. in Trade Deals
In recent weeks, China has made moves including major trade restrictions and diplomatic overtures to retaliate against increasing U.S. measures taken amid rising U.S.-China tensions. The country has placed bans…