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...“They have a choice: to sell, to store, or to scrap,” said the Korea-based manager....
...Apple has removed Meta’s WhatsApp and Threads applications from its China app store following instructions from authorities....
...It is unclear exactly when WhatsApp was removed from the Apple Store in China, but it was unavailable as of Friday....
...The law would work by imposing civil penalties on app stores such as Apple’s App Store and Google Play if they distribute or update TikTok....
...President Joe Biden said he would sign a bill working its way through Congress that would ban US app stores from carrying TikTok unless its Chinese owner divests the popular video-sharing social media platform...
...Mixue opened its first international store in Hanoi in 2018 and now has more than 3,000 stores outside of China....
...from China....
...In Singapore, one computer parts merchant told Nikkei Asia that buyers from mainland China had caused a shortage of the RTX 4090 in the store....
...Last year, Montana’s governor signed into law a first-of-its-kind bill that would prohibit app stores from allowing downloads of TikTok in the state....
...Yet, China’s domestic coffee and tea chains are fast growing and lucrative industries. Chabaidao, which is China’s third-largest maker of fresh tea drinks, has recorded spectacular growth....
...Michelle Lam, greater China economist at Société Générale, said it was “likely” that the trend of Hong Kong residents spending in mainland China would accelerate given the attractive prices of goods in places...
...On Tuesday China’s top legislative body passed a revised law on state secrets that standardises information systems and equipment used to store information the government deems confidential....
...The market for tea chains such as ChaPanda in mainland China was Rmb104bn ($14bn) in 2022, almost double the market size in 2018, according to the China Chain Store & Franchise Association....
...Under the legislation, US app stores will be banned from carrying TikTok — or facilitating updates — in 270 days unless ByteDance divests the app....
...Google Play store....
...Its biggest market is the US, followed by China and the UK. The goal for the new store is to account for 8 to 9 per cent of total revenues....
...He is expected to open Apple’s eighth retail store in Shanghai on Thursday and attend the China Development Forum, which starts over the weekend....
...Peer Icicle has grown to over 270 stores in China. Others, like Chinese outerwear brand Bosideng, have made progress in shifting upmarket to a more premium customer....
...The US House of Representatives on Wednesday approved a bill that would force TikTok owner ByteDance to sell the app to a non-Chinese company within six months or be banned from US app stores....
...Yum China reported opening more than 540 stores in the fourth quarter, with chief executive Joey Wat saying that more than half were in “lower-tier” Chinese cities “strategically positioned to capture the...
...The stores pay Micro Connect inside China and the money is then moved overseas using a cross-border foreign exchange process approved by China’s State Administration of Foreign Exchange....
...trip follows increasingly close relations between Russia and North Korea — a country Beijing has traditionally sought to keep closely within its sphere of influence — with Moscow needing Pyongyang’s huge stores...
...Need to know: Business Apple bowed to Brussels’ tech crackdown with approval for iPhone apps to be downloaded from developers’ websites rather than solely from the company’s App Store....
...In July 2021, for example, the Cyberspace Administration of China banned Didi, funded by prominent US investors such as Silver Lake and Coatue, from local app stores for launching a New York IPO despite...
...The bill gives ByteDance 180 days to divest TikTok to prevent it from being banned from app stores....
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