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The Latest Breaking News on China tech

eBay Stock Downgraded to Sell: Should Investors Be Worried?

Jefferies lowered its rating on eBay stock due to decelerating advertising growth and increased marketing investments. Here's what you need to know.

Kiplinger

Jobs eviscerated at Chinese Arm chip design firm in wake of restrictions from TSMC — lack of access to 7nm node could cause 150 employees to be laid off

Half of Hongjun Microelectronics Technology’s 300 workers might be fired after the server CPU firm lost access to TSMC’s 7nm node.

Tom’s Hardware

China Quietly Allows Citizens to Access OnlyFans; Truth Social Still Blocked

OnlyFans, an internet subscription service allowing users to generate and get paid for their own pornography, has suddenly become accessible in China.

Latin Times

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Chinese Shopping App Temu Suspended In Vietnam: State Media

Chinese shopping app Temu has been forced to suspend its services in Vietnam after it failed to register with authorities, state media said on Thursday.

International Business Times

Hermès and Other Luxury Brands Turn to E-commerce: Taobao Operators Must Embrace Digital Transformation

Recently, Lingmao E-commerce observed that the luxury brand Hermès has launched a limited-time store on its WeChat public account to boost sales. This initiative, themed "A Tribute to the Iconic Scarf Team," features products such as watch straps ...

USA Today Sports Media Group

Bitfarms Provides November 2024 Production And Operations Update; 204 Total BTC Earned; 171 BTC Sold

Mining ReviewNovember mining operations generated 204 BTC compared to 236 BTC in October, reflecting a 1% increase in average operating EH and a 7% increase in Bitcoin difficulty.Key Performance

Benzinga

Black Friday, Cyber Monday Shopping Set To Break Sales Records

Retailers are expecting a record-breaking Black Friday to Cyber Monday shopping period as cash-strapped consumers are expected to shop early in the holiday season for sales promotions and savings.

Benzinga

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Alibaba Vs. PDD: A Grim Showdown In Chinese E-Commerce Stocks

Alibaba and PDD have been struggling in China's e-commerce market. Alibaba's stock is down 13% and PDD's is down 20%.

Benzinga

Chinese x86 eight-core Zhaoxin KX-7000 CPU lags behind AMD and Intel

Zhaoxin's KaiXian KX-7000/8 processor tested in various applications: still cannot compete against modern x86 processors from AMD and Intel.

Tom’s Hardware

Xiaomi Set To Challenge Qualcomm, MediaTek As It Ventures Into Chipmaking Once Again

In addition to mobile processors, Xiaomi's investment in research and development is projected to rise to 30 billion yuan in 2025, focusing on artificial intelligence and operating system enhancements.

Benzinga

Flexible-Screen Maker Royole Goes Bankrupt

Also in today’s rundown: At least 24 Chinese mainland freshman accused of using phony test results to get into a Macao university, Hong Kong’s richest man says investment alone won’t solve city’s economic problems

Caixin Global

Chinese memory makers are dumping DDR4 memory on the market for less than reused chips — undercutting South Korean rivals' pricing by 50%

To capture market share, Chinese DRAM makers offer DDR4 memory with a 50% discount.

Tom’s Hardware

Asos accused of rewarding ‘spectacular failure’ as CEO gets £300k rise amid losses

Retailer’s share price has crashed amid post-Covid high street recovery and competition from Shein and others

The Guardian - UK

Amazon launches an online discount storefront to better compete with Shein and Temu

Amazon has launched a low-cost online storefront featuring electronics, apparel and other products priced at under $20

The Independent UK

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The Independent UK

Online retailer Temu faces European Union investigation illegal goods

Regulators are examining Temu’s ‘addictive design’ including game-like reward programs

The Guardian - UK

EU launches action against shopping website Temu over illegal products

Formal investigation opens amid concerns Chinese shopping website is breaching Digital Services Act

The Independent UK

ByteDance founder Zhang Yiming tops China's rich list

ByteDance founder Zhang Yiming tops the list of China’s richest people, according to the Hurun Research Institute, although many of them have seen their net worth plunge over the past year

International Business Times

China's Second-generation Factory Owners Go Digital To Combat Challenges

Dressed in a pristine white knit top, Robyn Qiu cut an incongruous figure in her parents' dusty, hangar-like metal hardware factory in eastern China as she gestured excitedly while an assistant filmed her on a smartphone.

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StockNews.com

2 E-Commerce Giants to Buy Before the Holiday Season

E-commerce is a strong investment during the holidays due to rising global demand, personalized shopping trends, and rapid growth, driven by digitalization and mobile shopping. To that end, let’s analyze the investment prospects of e-commerce stocks, Amazon.com (AMZN) and Alibaba Group Holding (BABA). Read on.

The Guardian - UK

Serial returners send back £6.6bn of online purchases a year in UK, report finds

Industry bodies say over-ordering is eroding profitability as big sellers clamp down on practice

Tom’s Hardware

DJI sues Pentagon over 'Chinese military company' designation — seeking to protect its business and reputation

The lawsuit shows DJI taking a proactive stance as it confronts increasing pressure from Congress to ban its drones from operating in the U.S.

International Business Times

Chinese Drone Maker DJI Sues Pentagon Over Blacklisting

Chinese drone maker DJI, which dominates the consumer global market, said Saturday it was suing the US Department of Defense, complaining that Washington had "erroneously" included the company on a Chinese military company blacklist.

Tom’s Hardware

Arm wants to sell directly to Chinese customers, sidestep Arm China

Arm may rival its own Arm China joint venture and sell directly to customers in China.

Al Jazeera

Taiwan says four employees of Apple supplier Foxconn arrested in China

Workers reportedly arrested in Zhengzhou for equivalent of breach of trust.

Caixin Global

Shanghai Composite Index Fell 6.62% on Wednesday

Shenzhen Component Index closed down 8.15%

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