Douyin, the Chinese version of TikTok with domestic e-commerce operations, has been slammed for charging exorbitant promotion fees amid insufficient sales by the head of Chinese budget retailer Miniso Group, which runs multiple stores on the ByteDance-owned platform. Miniso founder and chief executive Ye Guofu, 47, levelled his criticism of Douyin via his WeChat post … Read more
Miao Hua, one of the top generals in charge of Communist Party work at China’s powerful Central Military Commission (CMC), has been placed under investigation for suspected “serious violations of discipline”, the defence ministry said on Thursday. Miao is director of the political work department of the CMC, which oversees China’s People’s Liberation Army. The … Read more
An ASML icon is being displayed on a circuit board, alongside the flags of the USA and China, in this photo illustration taken in Brussels, Belgium, on January 4, 2024. Jonathan Raa | Nurphoto | Getty Images Shares of key global semiconductor equipment firms jumped on Thursday after a report that the U.S. is considering … Read more
3 detained Americans released by China – CBS News Watch CBS News The White House announced Wednesday that three American men wrongfully detained for years in China on what the U.S. said were false espionage and drug charges have been released. There was no immediate announcement about what the U.S. gave China in return. Scott … Read more
As Shein and Temu have taken the Western world by storm in recent years, going directly against them with a low-price option might as well be a retail death sentence. “If you’re a brand and you find yourself competing with Shein and Temu, do something else,” said Juozas Kaziukenas, founder of e-commerce research firm Marketplace … Read more
Tencent Holdings will gradually cut off online sales and services for the Chinese version of the Nintendo Switch console from 2026, potentially affecting millions of users in the world’s second-largest video gaming market. The Tencent-operated eShop for the Chinese Nintendo Switch console will stop selling or offering paid and free video games and software on … Read more
CNBC’s Seema Mody reports on an obstacle for the U.S. travel industry. Read original article here Denial of responsibility! Pioneer Newz is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you … Read more
The Communist Party chief of Shanghai’s Pudong New Area, Zhu Zhisong, is under investigation on suspicion of corruption. The Central Commission for Discipline Inspection (CCDI) said on Wednesday that Zhu, 55, an aerospace veteran, was suspected of committing “serious violations of discipline and law” – a euphemism for corruption. Zhu is the first party chief … Read more
Zhu Hao, an office worker in his early twenties, recently checked into a hotel in Shenzhen for a weekend escape with a couple of buddies. Their plan: play video games until early morning, order food in and maybe take a break with a quick massage in the southern Chinese city. “It’s boring to play by … Read more
China’s foreign ministry has described a report that Defence Minister Dong Jun is under investigation as “groundless”. The Financial Times reported on Wednesday morning, citing current and former US officials, that Dong was the third consecutive serving or former Chinese defence minister to be investigated for alleged corruption. On Wednesday, foreign ministry spokeswoman Mao Ning … Read more
