China's relentless e-commerce price war leaves sellers struggling to make ends meet
reuters.com/world/china/chinas-relentless-e-commerce-price-war-leaves-sellers-struggling-make-ends-meet-2024-07-12/
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| Last Updated | Jul 12 |
| Total Articles | 1 |
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Biden administration targets Shein, Temu, and Alibaba for 'abuse' of trade loopholes
qz.com/biden-administration-targets-shein-temu-alibaba-trade-l-1851647689
Amazon is in South Africa for the long run, says marketplace head: U.S. e-commerce giant Amazon.com is in South Africa for the long run, its regional marketplace ...
reuters.com/business/retail-consumer/amazon-is-south-africa-long-run-says-marketplace-head-2024-09-12/
Kroger is riding high on loyal grocery shoppers and digital sales: The grocery chain saw an 11% rise in digital sales and a 14% increase in the number of ...
qz.com/kroger-q2-2024-digital-sales-households-albertsons-ftc-1851646270
US lawmakers urge Biden to close tariff 'loophole' for Chinese small package imports
reuters.com/world/us/us-lawmakers-urge-biden-close-tariff-loophole-chinese-small-package-imports-2024-09-11/
Amazon and Flipkart violated competition laws in India, report says: An Indian antitrust regulator has found that Amazon and Flipkart, owned by Walmart ...
techcrunch.com/2024/09/12/amazon-and-flipkart-violated-competition-laws-in-india-report-says/
Explainer: How big are the Big Four accounting firms in China?: Chinese regulators on Friday hit PwC's auditing unit in mainland China with a six-month business ...
reuters.com/business/how-big-are-big-four-accounting-firms-china-2024-09-13/
Chinese courier delivery firm BingEx files for US IPO: Chinese courier delivery firm BingEx, which brands its services as 'FlashEx', has filed to go public in ...
reuters.com/markets/deals/chinese-courier-delivery-firm-bingex-files-us-ipo-2024-09-13/
Iconic Campbell Soup makes a bold decision some may not like: Here's what could happen next to Campbell Soup shares.
thestreet.com/investing/stocks/iconic-campbell-soup-makes-a-bold-decision-some-may-not-like
Yodel to hire 3,000 workers for seasonal shopping frenzy: The parcel delivery group previously owned by the Barclay family has lined up millions of pounds to ...
news.sky.com/story/yodel-to-hire-3-000-workers-for-seasonal-shopping-frenzy-13213870
Exclusive: Evergrande Chairman kept in special Shenzhen detention center: Hui Ka Yan has not been seen in public since he was taken away by Chinese authorities a ...
reuters.com/world/china/evergrande-chairman-hui-kept-special-detention-center-shenzhen-sources-say-2024-09-12/
China may be holding back on economic stimulus in case of a Trump win: Republican presidential candidate Donald Trump said in February he would slap tariffs of ...
businessinsider.com/china-economy-stimulus-intervention-delay-donald-trump-presidential-eleciton-tariffs-2024-9
SELF 20h
The Best Tennis Gear for Beginners, According to Pros | 2024 Picks: We asked coaches for the best tennis gear for beginners, including racquets, balls ...
self.com/story/best-tennis-gear-for-beginners
High Streets in trouble as nearly 20 pubs close every week: The UK High Streets are changing as almost 7,000 shops have exited cities and towns across the ...
metro.co.uk/2024/09/12/high-streets-trouble-nearly-20-pubs-close-every-week-21595064/
Chemist, pub and bank closures lead to 2,300 more empty UK stores, survey finds: Worst net closures so far this year are on high streets, while retail parks and ...
theguardian.com/business/2024/sep/12/chemist-pub-and-bank-closures-lead-to-2300-more-empty-uk-stores-survey-finds
Alibaba Shares Rise After Addition to China Stock Trading Links: Alibaba Group Holding Ltd.’s stock rose in Hong Kong after it was made directly accessible to ...
bloomberg.com/news/articles/2024-09-10/alibaba-shares-rise-on-awaited-addition-to-china-exchange-link
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t3n.de Sep 09
Why we must finally set limits for Temu, Shein and Co.: Retailers in Europe feel let down by politicians. In the competition against Temu, She
t3n.de/news/warum-wir-temu-shein-und-co-endlich-grenzen-setzen-muessen-1645205/
China Minmetals to jointly set up $1.4 bln lithium miner in Qinghai: State-owned China Minmetals (CHMIN.UL) plans to establish a 10 billion yuan ($1 ...
reuters.com/world/china/china-minmetals-jointly-set-up-14-bln-lithium-miner-qinghai-2024-09-09/
Quick Glance: China Minmetals Establishes $1.4 Billion Lithium Mine
- China Minmetals plans to establish a $1.41 billion lithium mining project in Qinghai province.
- The venture, tentatively named China Salt Lake Industry Group, aims to create a state-of-the-art production hub.
- Minmetals will acquire a controlling 12.54% stake in Qinghai Salt Lake Industry.
- The investment focuses on mining, exploration, and production of lithium chemicals and battery materials.
Brazil's Pix to overtake credit cards in e-commerce as soon as 2025, study shows: Brazil's instant payment system Pix is seen surpassing credit cards as the ...
reuters.com/business/finance/brazils-pix-overtake-credit-cards-e-commerce-soon-2025-study-shows-2024-09-09/
Latin America's e-commerce king says MercadoLibre has huge room for growth: Marcos Galperin, chief executive of Latin American e-commerce giant MercadoLibre Inc ...
reuters.com/technology/latin-americas-e-commerce-king-says-mercadolibre-has-huge-room-growth-2024-09-09/
Midea Starts Taking Orders for Hong Kong IPO of Up to $3.5 Billion: Midea Group Co. has started taking investor orders for an up to $3.5 billion share sale in ...
bloomberg.com/news/articles/2024-09-09/midea-starts-taking-orders-for-hong-kong-ipo-of-up-to-3-5-billion
Paid articlePaywall
Future of Retail Special Report - The Irish Times: Online shopping may have grown significantly during lockdowns, but lots of people are returning to stores at ...
irishtimes.com/tags/futureofretail-specialreport/
Alibaba’s Tsai Joins Billionaires Investing in French Vineyards: Joe Tsai, chairman and co-founder of China e-commerce pioneer Alibaba Group Holding Ltd. ...
trib.al/ZAPD83f
Unfair advantages? Massive criticism of Shein and Temu - tougher measures planned
heise.de/news/Bundeswirtschaftsminister-Habeck-will-Temu-und-Shein-schaerfer-kontrollieren-9860771.html
Woman left mortified after splashing £100 on expensive designer handbag online: A woman has been left red-faced after ordering a Vivienne Westwood handbag online ...
dailyrecord.co.uk/lifestyle/woman-left-mortified-after-splashing-33630409
Huawei's tri-foldable phone stirs Chinese pride but $2,800 price tag panned: Huawei's new tri-foldable smartphone has ignited nationalistic pride in China with ...
reuters.com/technology/huaweis-tri-foldable-phone-stirs-chinese-pride-2800-price-tag-panned-2024-09-11/
Quick Glance: Huawei's Tri-Fold Phone Sparks Pride Amid Price Concerns
- Huawei's Mate XT, the first tri-foldable smartphone, has sparked national pride in China despite its price of 19,999 yuan.
- The launch follows Huawei's re-entry into the 5G market and is celebrated as a triumph over U.S. sanctions.
- However, a Weibo poll reveals that most consumers do not intend to purchase the expensive phone.
- The high price has been criticized as inappropriate during a period of economic uncertainty.
If you shop at Asos so much you’re facing charges on returns, stop complaining: The online retailer’s new rules have caused an uproar. But perhaps it should be a ...
independent.co.uk/life-style/asos-free-returns-clothes-charge-fee-b2610251.html
China challenges dim European firms' investment appetite, lobby group says: European firms in China doubt the government has a credible plan to boost demand in ...
reuters.com/markets/european-firms-doubt-china-has-credible-plan-turn-economy-around-lobby-group-2024-09-11/
Chinese EV maker BYD sets higher annual sales target, brokerage report shows: Chinese electric automaker BYD , aims to sell 4 million vehicles this year ...
reuters.com/business/autos-transportation/chinese-ev-maker-byd-sets-higher-annual-sales-target-brokerage-report-shows-2024-09-10/
Cisco merch shoppers stung in Magecart attack: The 'security issue' was caused by a 9.8-rated Magento flaw Adobe patched back in June
theregister.com/2024/09/06/cisco_merch_adobe_magento_attack/
China stops short of Africa debt relief as pledges more cash: China stopped short of providing the debt relief sought by many African countries this week ...
reuters.com/world/china-stops-short-africa-debt-relief-pledges-more-cash-2024-09-07/
Quick Glance: China's $50 Billion Commitment to Africa Examined
- China's pledge of over $50 billion to Africa strengthens the imbalanced trade relationship and solidifies its role as a leader of the Global South.
- The funding includes $30 billion in credit lines, $10 billion in investments, and military aid, promising the creation of 1 million jobs in Africa.
- Despite the extensive commitments, trade remains unbalanced as little beyond raw materials is exported from Africa to China.
- China's focus on smaller infrastructure projects may promote sustainable development in Africa while expanding security cooperation with the continent.
Intel Arrow Lake-S Core Ultra 200K Desktop Chips Leak In UK Retailer Listing: We don't know how fast Arrow Lake is yet, but we have an idea of the pricing thanks ...
hothardware.com/news/intel-arrow-lake-s-pricing-leak
Google loses court battle over first EU antitrust fine: The Court of Justice said Google’s practice of favoring its own shopping search results over rival ...
politico.eu/article/google-loses-court-battle-over-first-eu-antitrust-fine/
Unregistered online businesses may be suspended: BIR: Online businesses that are not registered with the BIR may be suspended, the agency said Monday.
news.abs-cbn.com/business/2024/9/9/unregistered-online-businesses-may-be-suspended-bir-906
Best places to buy suits in New York: From major department stores to 100-year-old hole-in-the-wall family-owned tailor shops, this list is a great place to ...
nypost.com/lifestyle/best-places-to-buy-suits-in-new-york/
California retailers trim staff as shoppers cool their spending: California retail spending in the year's first five months – minus online shopping -- rose ...
ocregister.com/2024/09/07/california-retailers-trim-staff-as-shoppers-cool-their-spending/
This is the best day to find online shopping deals: According to SimplyCodes, 19% of all coupons are released one day during the week.
sacbee.com/news/business/article292060025.html
Early holiday shopping is getting an earlier push from 2024 election: Christmas trees and Halloween costumes are on sale simultaneously at stores across the ...
axios.com/2024/09/07/presidential-election-2024-holiday-shopping-christmas-halloween
New Pizza Hut concept stores in China help frugal diners save: Fast food giant Pizza Hut is adapting to China's sluggish economy by opening stores that offer ...
reuters.com/business/retail-consumer/new-pizza-hut-concept-stores-china-help-frugal-diners-save-2024-09-06/
Joe Biden puts the brakes on Temu and Shein and tightens China tariffs: The US government is closing a loophole for cheap imports, and the online platforms Temu ...
faz.net/aktuell/wirtschaft/mehr-wirtschaft/joe-biden-bremst-temu-und-shein-und-verschaerft-china-zoelle-19982917.html
Amazon to increase investment in its DSP program by $2.1 bln: Amazon.com said on Thursday it will increase the compensation to its Delivery Service Partners ...
reuters.com/technology/amazon-hikes-drivers-wages-by-7-2024-09-12/
Amazon to increase investment in its DSP program by $2.1 bln: Amazon.com said on Thursday it will increase the compensation to its Delivery Service Partners ...
reuters.com/technology/amazon-hikes-drivers-wages-by-7-2024-09-12/
Android 15 QPR1 Beta 2 brings 80 percent loading limit: We have already reported on the numerous new features that Android 15 QPR1 is getting ...
stadt-bremerhaven.de/android-15-qpr1-beta-2-bringt-80-prozent-ladegrenze-mit/
India lawmaker, trade group seek suspension of Amazon, Flipkart operations after antitrust breaches
reuters.com/business/retail-consumer/india-lawmaker-trade-group-seek-suspension-amazon-flipkart-operations-after-2024-09-13/
China's online retailers Shein, Temu in focus as US aims to plug trade "loophole"
reut.rs/4d0TfGB
The 12 Cinnamon Powders You Should Never Use: Twelve of the 36 cinnamon powders and spice blends containing cinnamon had high levels of lead ...
consumerreports.org/health/food-contaminants/high-lead-levels-in-cinnamon-powders-and-spice-mixtures-a4542246475/
Quick Glance: Concerning Lead Levels Found in Cinnamon Products
- An investigation revealed that 12 of 36 tested cinnamon products contained lead above the 1 ppm threshold, posing health risks.
- The FDA warned consumers to avoid 17 cinnamon products with high lead levels.
- Recommended lower-risk cinnamon products include those from Whole Foods and Sadaf.
- Consumers should focus on brand reputation and diversify their food intake to minimize lead exposure.
Microsoft lays off another 650 from gaming division: Microsoft is laying off around 650 employees in its gaming division on Thursday, according to a memo sent to ...
techcrunch.com/2024/09/12/microsoft-lays-off-another-650-from-gaming-division/
Thomas Crown Affair Is Getting Remade for the Third Time, This Time With Michael B Jordan Starring and Directing - IGN
ign.com/articles/thomas-crown-affair-is-getting-remade-for-the-third-time-this-time-with-michael-b-jordan-starring-and-directing
Quick Glance: Michael B. Jordan Launches Second Remake of Classic Film
- Michael B. Jordan is set to direct, star, and produce the new project 'Thomas Crown Affair' in collaboration with Amazon MGM Studios.
- This will be Jordan's second directorial effort following the success of 'Creed III.'
- The script is written by Drew Pearce, based on an earlier draft by Wes Tooke and Justin Britt-Gibson.
- Casting details and plot specifics remain undisclosed, but a high-profile co-star is anticipated.
Viewers are leaving Rings of Power, but Amazon is sticking to the 5-season plan: Despite positive reviews, the viewing figures for Season 2 of Rings of Power ...
gamestar.de/artikel/ringe-der-macht-5-staffel-plan,3419426.html
Quick Glance: Teaser for Ringwraiths in Rings of Power Episode
- The latest episode of 'The Rings of Power' hints at the origin of the Ringwraiths as Annatar manipulates Celebrimbor to forge the rings.
- It also depicts Mirdania accidentally glimpsing the Unseen World by wearing one of the rings, which are influenced by Annatar.
- The showrunners suggest the future corruption of nine men who may fall under Sauron's sway, setting the stage for the Nazgûl.
- The inherent danger of the rings is a central theme that will shape the characters' storylines.
Amazon’s Shipping and Delivery Emissions Just Keep Going Up: A new report attempts to calculate how much damage shipping our Amazon orders is doing to the planet ...
wired.com/story/amazons-shipping-and-delivery-emissions-just-keep-going-up/
Exclusive: India probe finds Amazon, Walmart's Flipkart breached antitrust laws: Investigators said the companies created an ecosystem where preferred sellers ...
reuters.com/world/india/india-probe-finds-amazon-walmarts-flipkart-breached-antitrust-laws-2024-09-12/
EBay wants newsletter publishers its employees harassed to ID sources
reut.rs/4embbfQ
The Godmother of AI Wants Everyone to Be a World Builder: Stanford computer scientist Fei-Fei Li is unveiling a startup that aims to teach AI systems deep ...
wired.com/story/plaintext-the-godmother-of-ai-wants-everyone-to-be-a-world-builder/
The US government is right to investigate Nvidia for alleged unfair practices: Competition authorities were too slow to stop tech giants from dominating Web 2.0 ...
theguardian.com/commentisfree/2024/sep/13/nvidia-doj-investigation-ai
A Diamond-Making Machine Will Cost You $200,000 on Alibaba: Diamonds are increasingly commoditized—to the point that you can make them in your own home.
arstechnica.com/science/2024/09/you-can-buy-a-diamond-making-machine-for-200000-on-alibaba/
Card payment disruption this morning: Aldi, Rewe and offices affected: Card payments are disrupted across Germany this morning. Large cities are particularly ...
berliner-zeitung.de/news/stoerung-mit-der-kartenzahlung-heute-morgen-aldi-rewe-und-aemter-betroffen-li.2253408
Amazon to fuel UK economy with $10.45 billion cloud expansion : Amazon Web Services, the cloud computing unit of Internet giant Amazon.com Inc. ...
wionews.com/business-economy/amazon-to-fuel-uk-economy-with-1045-billion-cloud-expansion-758100
Who plays on Thursday Night Football? Breaking down Week 2 matchup: Amazon Prime's 'Thursday Night Football' will begin in Week 2 with a battle between two top ...
usatoday.com/story/sports/nfl/2024/09/12/thursday-night-football-who-plays-start-time-week-2/75156689007/
Quick Glance: Urgent Calls for Dolphins QB to Consider Retirement
- Tua Tagovailoa, quarterback for the Miami Dolphins, suffered a serious concussion after a collision during a game against the Buffalo Bills.
- The repeated concussions have raised concerns among fans and former players, with many urging Tagovailoa to retire from football.
- Experts highlight the dangers of repeated head injuries and their long-term health effects, including chronic traumatic encephalopathy (CTE).
- Despite Tagovailoa's successes this season, it remains uncertain whether he will continue to play following his latest injury.
The Apple Watch Ultra 2 is cheaper now than it was during Amazon Prime Day: The Apple Watch Ultra 2 drops below its Prime Day price. It’s down to $689 ...
engadget.com/deals/the-apple-watch-ultra-2-is-cheaper-now-than-it-was-during-amazon-prime-day-163255367.html
The guy who sold Jeff Bezos a mansion is suing the real estate firm for not telling him Bezos was the buyer
qz.com/jeff-bezos-indian-creek-village-home-purchase-lawsuit-1851645719
Paid articlePaywall Fortinet confirms customer data breach: On Thursday, cybersecurity giant Fortinet disclosed a breach involving customer data. In a statement posted online ...
techcrunch.com/2024/09/13/fortinet-confirms-customer-data-breach/
Amazon Freevee Review: Amazon Freevee has an impressive library of free, ad-supported TV shows and movies, but its no-cost rivals offer more features and a ...
pcmag.com/reviews/amazon-freevee
How to Trade In or Sell Your iPhone (2024): If you plan to upgrade to one of Apple’s new models, don’t forget to cash in on your old one.
wired.com/story/how-to-trade-in-or-sell-your-iphone/
Quick Glance: Huawei and Apple: Missed Opportunities in Smartphone Market
- Huawei unveiled the Mate XT, an innovative triple-screen smartphone, right after Apple's iPhone 16 launch.
- Although millions of pre-orders for the Mate XT were reported, these figures are misleading as no down payment is required.
- Apple has lost market share in China and faces challenges with localizing AI updates relevant to the Chinese market.
- The upcoming holiday season and the release of the Mate 70 series will be crucial in determining the competition between Huawei and Apple in the premium smartphone market.
The PS5 Disc Drive Is Selling Out Online After PS5 Pro Reveal: According to one site, the PS5 Blu-ray drive is outselling recently released platformer Astro Bot
kotaku.com/ps5-pro-disc-drive-cost-selling-out-where-to-buy-amazon-1851646276
Quick Glance: Sony Launches Higher-Priced PlayStation 5 Pro
- Sony has confirmed the release of the more powerful and pricier PlayStation 5 Pro, set to launch at £699.99 on November 7.
- The PS5 Pro aims to deliver enhanced graphics and more consistent frame rates, reducing the choice between 'fidelity' and 'performance' modes for gamers.
- Analysts believe the improved performance will encourage users to upgrade their hardware and purchase more software.
- Games will remain available for both the standard PS5 and the Pro model, with no exclusive titles for the latter.
stadt-bremerhaven.de Sep 12
Controversial investigations: O2 customers were temporarily monitored: We remember: In 2021, the Federal Criminal Police Office (BKA) was able to shut down the ...
stadt-bremerhaven.de/kontroverse-ermittlungen-o2-kunden-sind-zeitweise-ueberwacht-worden/
Qoo10 under Singapore police probe as vendors lodge reports over delayed payments
straitstimes.com/business/companies-markets/qoo10-under-singapore-police-probe-as-vendors-lodge-reports-over-delayed-payments
How China has ‘throttled’ its private sector: Venture capital finance has dried up amid political and economic pressures, prompting a dramatic fall in new ...
ft.com/content/1e9e7544-974c-4662-a901-d30c4ab56eb7
A teen meets her middle-aged self in 'My Old Ass' and finds hindsight isn't 20/20
npr.org/2024/09/10/nx-s1-5104137/my-old-ass-movie-review
Autonomous delivery startup Nuro pivots and another Indian EV scooter startup takes the IPO road
techcrunch.com/2024/09/12/autonomous-delivery-startup-nuro-pivots-and-another-indian-ev-scooter-startup-takes-the-ipo-road/
The $200bn man: Larry Ellison’s wealth rebounds as Oracle joins AI boom: Database software maker has undergone an unlikely Wall Street renaissance
ft.com/content/a2834bdd-0ed5-45ef-9708-d9b7195a57ee
Amazon is finally opening some Fresh supermarkets: However, almost two dozen Amazon Fresh locations remain empty
qz.com/amazon-fresh-supermarket-openings-walmart-kroger-retail-1851645583
t3n.de Sep 12
PS5 Pro: After the announcement, disc drives are becoming scarce - | these are the reasons
t3n.de/news/ps5-pro-disc-laufwerke-knapp-gruende-1645860/
Shopsense AI lets music fans buy dupes inspired by red-carpet looks at the VMAs: At the MTV Video Music Awards (VMAs) on Wednesday night, new technology allowed ...
techcrunch.com/2024/09/12/shopsense-ai-technology-enables-music-fans-to-buy-dupes-inspired-by-red-carpet-looks-vmas/
Meta is making its AI info label less visible on content edited or modified by AI tools
techcrunch.com/2024/09/12/meta-is-making-its-ai-info-label-less-visible-on-content-edited-or-modified-by-ai-tools/
Face to face with Figure’s new humanoid robot: Figure is testing Figure 02’s efficacy for helping out in the kitchen and picking up around the house.
techcrunch.com/2024/09/12/face-to-face-with-figures-new-humanoid-robot/
Amazon and Flipkart violated competition laws in India, report says | TechCrunch: Indian antitrust regulator has found that Amazon and Flipkart, owned by Walmart ...
tcrn.ch/4d3nYmr
DataGemma: Google’s open AI models mitigate hallucination on statistical queries: When tested, Google DataGemma, tapping two distinct approaches ...
venturebeat.com/ai/datagemma-googles-open-ai-models-mitigate-hallucination-on-statistical-queries/
Australian plan for misinformation law riles Elon Musk: The Australian government wants to introduce powers to fine social media platforms up to 5% of their ...
techcrunch.com/2024/09/12/australian-plan-for-misinformation-law-riles-elon-musk/
Adam Neumann’s crypto comeback company is reportedly refunding investors: In a development that will surprise few, former WeWork CEO Adam Neumann's ...
techcrunch.com/2024/09/11/adam-neumanns-crypto-comeback-company-is-reportedly-refunding-investors/
Quick Glance: OpenAI Targets $150 Billion Valuation with New Funding
- OpenAI is reportedly negotiating with investors to raise $6.5 billion in funding, valuing the company at $150 billion.
- This new valuation significantly exceeds the previously reported $86 billion and surpasses all other AI startups.
- Thrive Capital is expected to lead the funding round, with participation from investors like Microsoft, Apple, and Nvidia.
- Additionally, OpenAI is reportedly looking to raise $5 billion in debt from several banks.
Google DeepMind teaches a robot to autonomously tie its shoes and fix fellow robots | TechCrunch
techcrunch.com/2024/09/12/google-deepmind-teaches-a-robot-to-autonomously-tie-its-shoes-and-fix-fellow-robots/
Google Wallet to test a feature that turns your US passport into a digital ID: Google announced on Thursday that it's introducing a few new Wallet updates ...
techcrunch.com/2024/09/12/google-wallet-to-test-a-feature-that-turns-your-us-passport-into-a-digital-id/
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