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Move marks Biden administration’s latest effort to target Chinese tech sector
...When the probe was opened, the EU’s top competition enforcer Margrethe Vestager said “chocolates, biscuits and coffee are products consumed by European citizens daily”, and that the commission would look...
...In China consumption is up more than 130 per cent, as revealed by the exponential growth of coffee chains there. The country now leads the world with the most coffee chain stores, ahead of the US....
...“The young people who come in to buy coffee or outdoor gear discover the classic kitchenware,” Chau says. “And a lot of customers from the older generation end up going home with a modern coffee kit.”...
...But one TikTok executive made a really good point over a cup at Philz Coffee last week. This is not “TikTok vs Washington”, they said, but “TikTok vs Washington vs Beijing”....
...Costa Coffee, operated by an Indian franchisee of Yum Brands, has announced plans to add 50 cafés a year, while homegrown chains such as Third Wave Coffee and Blue Tokai Coffee Roasters each raised money...
...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....
Geely-owned EV maker rises 34% despite fears over rising western protectionism against Chinese companies
PR head at Chinese search group sparked backlash after posting social media videos demeaning staff
PR boss at Chinese search giant warns she can ruin careers in series of social media videos
Shares in JAL and ANA have barely budged in the past year
...Another customer in his forties said he liked coffee and tea, but the latter was “more suited to the Chinese palate”....
...These include a deforestation law that compels exporters of six commodities, including coffee, palm oil and rubber, to prove they were not produced on land that was recently deforested....
Lawsuit including parent company ByteDance claims legislation would breach free speech rights
Tokyo, Seoul and Canberra follow EU and US in trying to rein in dominance of Apple and Google
Other apps could be in the line of fire if US lawmakers carry out their threat
The gaming giant once made as much as 5% of its total sales from Blizzard games
Internet regulator orders delisting of two Meta-owned apps over ‘national security concerns’
...Jeff Yass’s Susquehanna International Group first invested $80,000 in ByteDance, the Chinese owner of TikTok, on the back of an idea sketched on a napkin in a Beijing coffee shop more than a decade ago....
Shares in US electric-car maker soar 17% on autonomous driving prospects in world’s biggest auto market
...Coming up short Jeff Yass’s Susquehanna International Group first invested $80,000 in TikTok parent ByteDance a decade ago, betting on an idea sketched out on a napkin in a Beijing coffee shop....
Chinese control of a powerful ‘persuasive AI’ tool cannot be tolerated
Both Washington and Beijing juggle security fears with commercial interests and political influence in their policy positions
Social media companies under pressure to identify deepfakes and prevent spread of misinformation
Video app vows legal battle to prevent effort to separate it from Chinese parent
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