24 December 2024

Amazon.com has asked some Chinese cross-border merchants to stop offering goods at a cheaper price on rival platform Temu, according to several sellers, amid intensifying competition from the aggressive budget retailer owned by mainland e-commerce giant PDD Holdings. The local office of US-based Amazon recently informed the managers of some top-selling Chinese brands that they

Ant Group, the fintech giant affiliated with Alibaba Group Holding, is splitting the business group of its mobile payment platform Alipay into two units, in its latest corporate restructuring move to drive new growth. The company will establish the Digital Payment Business Group and Alipay Business Group, and adopt a “rotating presidential system” for the

China’s Contemporary Amperex Technology (CATL), the world’s largest electric vehicle battery maker, on Tuesday launched a new electric vehicle chassis that it says can withstand a 120km/h (75mph) frontal impact without catching fire or exploding, as it touts safety as a key selling point. The chassis has a battery capable of running for about 1,000km

Chinese chip equipment maker Advanced Micro-Fabrication Equipment (AMEC) has been removed from a US Department of Defense (DOD) blacklist of companies with alleged ties to China’s military, nearly a year after it was added. The Pentagon dropped the Shanghai-based company from its list of “Chinese Military Companies operating in the US” on December 13, according