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The Latest Breaking News on China tech

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

Amazon Stock Hits New High As Tech Giant Launches Temu Competitor

Amazon stock hit a new high in Wednesday trading. The company launched Amazon Haul, a low-cost competitor to Temu.

Investors Business Daily

Online retailer Temu faces European Union investigation illegal goods

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

The Independent UK

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EU launches action against shopping website Temu over illegal products

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

The Guardian - 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

The Independent UK

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.

International Business Times

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.

StockNews.com

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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

The Guardian - UK

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.

Tom’s Hardware

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.

International Business Times

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.

Tom’s Hardware

China Tech Stocks Alibaba, JD.com Pullback After Stimulus Rally

Alibaba stock and other U.S.-listed China firms slumped Tuesday as investors debated government stimulus plans.

Investors Business Daily

Best China Stocks: Tesla Rivals BYD, XPeng Lead 5 Stocks Near Buy Points Amid Stimulus, Trump Tariff Fears

China stocks are struggling on tepid stimulus and fears of new Trump tariffs. Tesla rivals XPeng and BYD are among the best to buy or watch.

Investors Business Daily

Taiwan says four employees of Apple supplier Foxconn arrested in China

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

Al Jazeera

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Caixin Global

Shanghai Composite Index Fell 6.62% on Wednesday

Shenzhen Component Index closed down 8.15%

The Guardian - UK

Shein doubles profits in UK after sales leap 40% to £1.5bn

Fast-fashion retailer presents ‘real challenge for Boohoo and Asos’ as it considers £50bn IPO, says analyst

Evening Standard

Shein's UK sales and profits double ahead of potential London IPO

Shein is already one of the country’s biggest e-commence players despite having only launched in the UK around a decade ago.

Caixin Global

Shanghai Composite Index Rose 4.59% on Tuesday

Shenzhen Component Index closed up 9.17%

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news in one place.

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Investors Business Daily

Alibaba, JD Keep Up China Stimulus Rally; PDD Recovers From Earnings Slide

Alibaba stock and shares of rival JD.com extended their rallies Wednesday, helped by optimism about Chinese economic stimulus.

Android Central

The OnePlus 13 display may have just been officially revealed

The OnePlus 13 has been in the news lately as it is rumored to launch earlier than the previous model. This time, its display surfaced.

Caixin Global

Shanghai Composite Index Rose 2.88% on Friday

Shenzhen Component Index closed up 6.71%

Investors Business Daily

Alibaba Stock Adds To Gains, JD Breaks Out On Latest Stimulus Reports

Alibaba stock and other U.S.-listed China tech firms are surging again Thursday, on reports of further government stimulus.

Caixin Global

Shanghai Composite Index Rose 3.61% on Thursday

Shenzhen Component Index closed up 4.44%

The Independent UK

Shein faces scrutiny in Italy over possible greenwashing

Italy’s antitrust watchdog is investigating the online fastfashion giant Shein for potentially making misleading claims about its sustainability practices

Caixin Global

Shanghai Composite Index Rose 1.16% on Wednesday

Shenzhen Component Index closed up 1.21%

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