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...After targeting Shein suppliers in China, Temu is also going after Amazon’s sellers. In January, it held a recruitment seminar for suppliers in China that owned warehouses in the US and Europe....
...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...
...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....
...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....
...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...
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...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....
...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....
...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....
...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...
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...The company chaired by former UK chancellor Lord Philip Hammond stores digital assets for customers. Here’s more about the event....
...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....
...The rubber hits the road on trade You might think this is already the case, given the last several years of US-China decoupling....
...The bill would ban app stores from distributing TikTok unless ByteDance divests the app within 180 days after passage....
...Ervér said on Wednesday that he wanted to boost sales by investing in products and marketing, rather than by opening lots of stores. H&M will close more stores than it opens this year, he added....
...They are beginning to put their wares on rival online stores, including Pinduoduo, JD.com and ByteDance’s Douyin, to stay afloat....
...The EU represents 7 per cent of the company’s global revenues from the App Store, the company says....
...“2023 was a turning point for the business [in China],” chief executive Bjørn Gulden told journalists on Wednesday, adding that Adidas increased sales despite closing almost a third of its stores in China...
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