Apple reported a decline in revenue for mainland China, Hong Kong and Taiwan for the quarter ended March 29, as the US tech giant continued to lose ground in the Chinese market amid a trade war with the US and fierce domestic competition. Sales in the so-called Greater China region fell 2.25 per cent to […]
Apple’s China sales dip on local competition as US tariffs add to headache Read More »
Hangzhou-based Alibaba said its Taobao Instant Commerce initiative was introduced “ahead of schedule” on Friday, according to its post on Weibo. Alibaba, owner of the South China Morning Post, earlier this week said the service would be rolled out on May 6 and cover 50 major cities across China. The new service – covering categories
Alibaba launches Taobao fast-delivery service ahead of time to challenge JD.com, Meituan Read More »
Temu, the shopping platform owned by Chinese e-commerce giant PDD Holdings, has revised its business model in the US in response to “retaliatory” tariffs imposed by US President Donald Trump on Chinese imports and the end of the “de minimis” duty exemption policy. The platform, which has rapidly gained popularity in the US, offers direct
Temu adapts US business model to Trump tariffs by embracing local sellers Read More »
Shoucheng Holdings, a Hong Kong-listed car park operator under state-owned steel producer Shougang Group, has pledged to invest in about 50 robotics firms on the mainland within the next few years, bolstering China’s efforts to lead this industry. That initiative aims to accelerate the company’s pace of investments via the 10-billion-yuan (US$1.4 billion) Beijing Robot
Why car park operator Shoucheng is doubling down on China robotics investment Read More »
