Chinese internet giant Tencent Holdings added more than 3,000 jobs in the third quarter, in a sign that the country’s most valuable technology company is on a new growth trajectory after the industry was beset by downsizing in recent years. The Shenzhen-based company had 108,823 employees by the end of September, up 3 per cent … Read more
Temu’s website in Vietnam, however, showed that the company’s foray into one of the fastest-growing economies in the region was apparently rushed. It currently supports only English as well as transactions made via credit card and Google Pay, while excluding leading Vietnamese mobile payment service Momo. In affluent Brunei, Temu is available in both English … Read more
The US Justice Department is considering asking a federal judge to force Google to sell off parts of its business in what would be a historic break-up of one of the world’s biggest tech companies. Antitrust enforcers are weighing a break-up to mitigate the Alphabet business’s dominance in search, the agency said in a court … Read more
Arm Holdings approached Intel Corp about potentially buying the ailing chip maker’s product division, only to be told that the business is not for sale, according to a person with direct knowledge of the matter. In the high-level inquiry, Arm did not express interest in Intel’s manufacturing operations, said the person, who asked not to … Read more
ByteDance’s TikTok has announced that it will shut down the TikTok Music streaming service on November 28, which comes as the company has struggled to turn its success in marrying music and videos into a service that could take on the likes of Spotify and Google’s YouTube. “After this date, access to TikTok Music, including … Read more
Chinese budget e-commerce platform Pinduoduo, run by Temu owner PDD Holdings, is offering partial refunds of service fees to merchants, after company executives promised to waive 10 billion yuan (US$1.4 billion) in charges. The main point of contention arose over so-called technical service fees, which are essentially sales commissions charged by Pinduoduo for merchants to … Read more
JD.com is launching five-day international shipments for customers in the US, Japan and Singapore, as the Chinese e-commerce giant fights against rivals like Alibaba Group Holding, Shein and Temu for a bigger slice of the overseas online shopping market. Customers in those countries, who order from branded shops run directly by JD.com on its platforms, … Read more
“Given the cross-border nature of these transactions, it’s logical for both parties to agree on a dispute resolution method and set Hong Kong as the arbitration venue,” said Wu Libin, senior partner at M&T Lawyers. “However, many merchants are unfamiliar with Hong Kong’s legal framework, and the high costs of litigation pose a significant barrier … Read more
Apple relied on chips designed by Alphabet’s Google rather than industry leader Nvidia to build its new artificial-intelligence software infrastructure that will power its forthcoming suite of AI tools and features, according to an Apple research paper it published on Monday. Apple’s decision to rely on Google’s cloud infrastructure is notable because Nvidia produces the … Read more
Hidden in the town of Nancun in Guangzhou’s Panyu district, a labyrinth of residential buildings and small factory compounds, is Shein’s sourcing centre. At the nearby Dexing Industrial Park, walls and walkways are covered in recruitment ads for workers, who are needed to fill the flood of orders coming from Shein. One factory looking for … Read more
