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The Latest Breaking News on China tech

Mix Fold 3 aims to launch against Galaxy Z Fold 5 only in China

Xiaomi makes some exceptional phones, and foldables are among them, but the latter don't usually see a global launch; the third iteration seems to fall in the same path.

Android Central

Shanghai Composite Index Rose 0.22% on Monday

Shenzhen Component Index closed up 0.5%

Caixin Global

Chinese tech firms handed massive fines

BEIJING: Chinese regulators said on Friday they had fined the fintech giant Ant Group almost $1 billion for “illegal acts” and handed an affiliate of rival Tencent a $415-million penalty, adding that a long-running crackdown on technology companies was drawing to a close.

Bangkok Post

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Shanghai Composite Index Fell 0.28% on Friday

Shenzhen Component Index closed down 0.73%

Caixin Global

US Set To Restrict China’s Access To Cloud Computing Services From Amazon, Microsoft

China's access to the Microsft and Amazon will be limited as the U.S. see Chinese techologies as national security concerns.

Zenger

Meta’s China Return Hits Roadblocks Over CEO’s Image And Censorship Worries

Meta's attempt to re-enter China faces challenges due to CEO's non-friendly image and concerns over censorship rules.

Zenger

Shanghai Composite Index Rose 1.31% on Monday

Shenzhen Component Index closed up 0.59%

Caixin Global

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Shein invited influencers on an all-expenses-paid trip. Here's why people are livid

After a recent trip to some of the company's facilities in Guangzhou, China, young tastemakers fawned over happy employees and sweat-free working conditions. Now the influencers are facing a backlash.

WEKU

Shanghai Composite Index Rose 0.62% on Friday

Shenzhen Component Index closed up 1.02%

Caixin Global

Shanghai Composite Index Fell 0.22% on Thursday

Shenzhen Component Index closed down 0.1%

Caixin Global

Shein shoppers 'in love' with 'flattering and classy' £8 dress that suits 'all shapes and sizes'

The dress currently sits in second place in the store's top ranked list of dresses across the whole site

Nottingham Post

Shein shoppers 'in love' with 'flattering' £8 dress that has 1,000 five star reviews

The dress currently sits in second place in the store's top ranked list of dresses across the whole site

Wales Online

Shanghai Composite Index Ended Nearly Flat on Wednesday

Shenzhen Component Index closed down 0.47%

Caixin Global

Shanghai Composite Index Fell 1.48% on Monday

Shenzhen Component Index closed down 1.68%

Caixin Global

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Caixin Global

Shanghai Composite Index Fell 1.31% on Wednesday

Shenzhen Component Index closed down 2.18%

The Independent UK

Chinese e-commerce giant Alibaba announces new CEO and chairman in major management reshuffle

China’s Alibaba Group has announced a major management reshuffle as the e-commerce giant restructures into six different business divisions to adapt to fast-changing technologies

Caixin Global

Shanghai Composite Index Fell 0.47% on Tuesday

Shenzhen Component Index closed up 0.28%

The Independent UK

Chinese online shoppers are enticed by deep discounts, payment plans as zest for spending lags

Shoppers were treated to deep discounts, new products and payment plans as online merchants sought to revive their sluggish appetite for spending during China’s first major online shopping festival after the end of zero-COVID policies

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Caixin Global

Shanghai Composite Index Fell 0.54% on Monday

Shenzhen Component Index closed down 0.29%

The Independent UK

Consumption soft even amid deep discounts during major China shopping festival, analysts say

Chinese consumers have been snapping up billions worth of items in China’s first major online shopping festival after emerging from the pandemic as merchants slash prices, but analysts say that consumer confidence still remains weak as China re-emerges from the pandemic

Tom’s Hardware

China's ByteDance Has Gobbled Up $1 Billion of Nvidia GPUs for AI This Year

China's ByteDance has already ordered around 100,000 Nvidia datacenter accelerators in 2023 — more than the entire Chinese market ordered last year.

Zenger

Bill Gates Reportedly Snags Rare Meeting With Xi Jinping Amid China Tour: ‘Need To Unlock That Kind Of Progress’

Corporate chiefs have been making a beeline for China ever since the country reopened its economy late last year following the strict COVID-19 lockdowns

Evening Standard

Why is Temu so cheap? Start-up overtakes Shein in sales

Temu sales were reportedly 20% higher than Shein’s in the US for the month of May, exceding its initial American targets

Caixin Global

Shanghai Composite Index Rose 0.74% on Thursday

Shenzhen Component Index closed up 1.81%

Tribune News Service

A once-obscure Chinese startup overtakes Shein In US

This time last year, hardly anyone in the U.S. knew what Temu was. Now, as American consumers grapple with runaway inflation, the bargain shopping app backed by a Chinese tech company is on a tear, with sales exceeding rival Shein.

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